Renaissance Capital cut shares of FirstRand (OTCMKTS:FHNIY) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, The Fly reports.
FHNIY has been the topic of a number of other research reports. HSBC raised FirstRand from a hold rating to a buy rating in a research note on Tuesday, July 28th. Investec upgraded FirstRand from a hold rating to a buy rating in a report on Tuesday, July 14th.
FHNIY opened at $8.03 on Thursday. The company’s 50 day simple moving average is $8.34. FirstRand has a one year low of $7.53 and a one year high of $9.35.
The Foschini Group Limited, together with its subsidiaries, operates independent chain-stores in South Africa and internationally. It operates through four segments: TFG Africa Retail, Credit, TFG London, and TFG Australia. The company offers clothing for men, ladies, and kids; jewelry; cellphones and smart phones; accessories; cosmetics; sporting and outdoor apparel and equipment; and household items and furniture under 29 brands.
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