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Peel Hunt announced Brammer PLC (LON:BRAM), dropping its stock price target to 60.00GBX today

In a report released on Friday October 07, 2016 Peel Hunt reduced the stock price target of Brammer PLC (LON:BRAM) from 110.00GBX to 60.00GBX reporting a possible downside of -0.15%.

Previously on 8/05/2016, Jefferies International reported on Brammer PLC (LON:BRAM) held steady the target price at 200.00GBX. At the time, this indicated a possible upside of 1.09%.

Just yesterday Brammer PLC (LON:BRAM) traded -24.26% lower at 71.00GBX. Brammer PLC’s 50-day moving average is 119.03GBX and its 200-day moving average is 139.58GBX. The last closing price is down -31.22% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,190,084 shares of BRAM traded hands, up from an average trading volume of 732,216

Recent Performance Chart

Brammer PLC (LON:BRAM)

Brammer PLC has 52 week low of 57.50GBX and a 52 week high of 277.75GBX and has a market cap of 0 GBX.

In addition to Peel Hunt reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is 203.33GBX with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Brammer PLC (LON:BRAM)

Brammer plc is a United Kingdom-based holding company. The Company provides management services to its subsidiaries. Its segments include UK, Germany, France, Spain, Benelux, Nordic, and Eastern Europe and Other. The Company is engaged in providing the value added business-to-business services, distribution of industrial maintenance, repair and overhaul products, related inventory management, procurement and logistics services. The Company offers a range of mechanical maintenance repair and overhaul (MRO) products, which include bearings to belts, seals to chains and motors to gearboxes. It also offers various products, including Product transformation/adaptation, Original Equipment (OE) parts conversion, substitute parts, repairs, drive design and condition monitoring. It supplies bearings, mechanical power transmission components, fluid power, and tools and general maintenance products, as well as engineering and associated industrial services, to the MRO market across Europe.

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