Darty PLC Upgraded to “Buy” by Citigroup Inc. (DRTY)

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Darty PLC (LON:DRTY) was upgraded by equities researchers at Citigroup Inc. to a “buy” rating in a research report issued on Friday. The firm currently has a GBX 115 ($1.93) price target on the stock, down from their previous price target of GBX 130 ($2.19). Citigroup Inc.’s target price indicates a potential upside of 25.68% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of Darty PLC in a research note on Thursday. They now have a GBX 140 ($2.35) price target on the stock. Separately, analysts at Nplus1 Brewin upgraded shares of Darty PLC to a “buy” rating in a research note on Monday, March 31st. They now have a GBX 140 ($2.35) price target on the stock. Six research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 85.44 ($1.44).

Shares of Darty PLC (LON:DRTY) opened at 94.50 on Friday. Darty PLC has a 52-week low of GBX 54.50 and a 52-week high of GBX 133.00. The stock has a 50-day moving average of GBX 105.9 and a 200-day moving average of GBX 107.5.

Darty plc, formerly Kesa Electricals plc, is a cross channel service led electrical retailer. The Company operates in three segments: Darty (LON:DRTY), other established businesses (which consists of Vanden Borre in Belgium, BCC in the Netherlands, and Datart in the Czech Republic and Slovakia), and developing businesses (which consist of Darty Italy, Darty Spain and Darty Turkey).

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