£2,125.61m
17.25p
242.25p
Date: Wednesday 09 Jul 2008
LONDON (ShareCast) - ING has dropped its recommendation on Home Retail Group to ‘hold’ from ‘buy’ and cut its price target to 225p from 315p on worries about the Argos and Homebase owner’s 100% UK exposure.
The UK economy is getting worse and HRG has no asset backing or international growth plans, ING said.
It has cut its 2009 pre-tax profit forecasts by 6% to £354m and for 2010 by 15% to £300m.
| Currency | UK Pounds |
| Share Price | 242.25p ![]() |
| Change Today | +17.25p |
| 52 Week High | 436.00 |
| 52 Week Low | 188.00 |
| Volume | 8,707,449 |
| Shares Issued | 877.45m |
| Market Cap | £2,125.61m |
| Beta | 1.28 |
| RiskGrade | 333 |
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| Strong Buy | 5 |
| Buy | 2 |
| Neutral | 7 |
| Sell | 5 |
| Strong Sell | 3 |
| Total | 22 |

| Latest | Previous | |
|---|---|---|
| Final | Interim | |
| Ex-Div | 21-May-08 | 14-Nov-07 |
| Paid | 23-Jul-08 | 23-Jan-08 |
| Amount | 10.00p | 4.70p |
| Chair | Oliver Stocken |
| CEO | Terry Duddy |
| Finance Director | Richard Ashton |