Warpaint London (LON:W7L) Shares Down 20.7% on Analyst Downgrade

Key Points

• Warpaint London PLC's stock fell 20.7% after Berenberg Bank decreased its price target from GBX 700 to GBX 510, despite maintaining a buy rating on the stock.
• Approximately 1.26 million shares were traded during mid-day trading, significantly higher than the average daily volume of 363,073 shares.
• Warpaint London has a market cap of £187.35 million and reported a return on equity of 35.04% with a net margin of 17.35% in its latest earnings results.

Warpaint London PLC (LON:W7L - Get Free Report)'s stock price traded down 20.7% during mid-day trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 700 to GBX 510. Berenberg Bank currently has a buy rating on the stock. Warpaint London traded as low as GBX 225.10 ($3.05) and last traded at GBX 226 ($3.07). 1,257,356 shares traded hands during mid-day trading, an increase of 246% from the average session volume of 363,073 shares. The stock had previously closed at GBX 285 ($3.87).

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Warpaint London in a research report on Tuesday, June 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 510.

Warpaint London Trading Up 3.6%

The firm has a fifty day simple moving average of GBX 348.64 and a two-hundred day simple moving average of GBX 385.32. The firm has a market capitalization of £184.19 million, a P/E ratio of 976.86 and a beta of 0.60. The company has a debt-to-equity ratio of 2.55, a current ratio of 3.46 and a quick ratio of 1.56.

Warpaint London (LON:W7L - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The company reported GBX 8.52 earnings per share for the quarter. Warpaint London had a return on equity of 35.04% and a net margin of 17.35%. On average, equities research analysts anticipate that Warpaint London PLC will post 25.1837335 earnings per share for the current fiscal year.

About Warpaint London

Warpaint London PLC, together with its subsidiaries, provides color cosmetics. It operates through two segments, Branded and Close-Out. The company offers its cosmetic skincare products under the W7, Technic, Man'stuff, Body Collection, Very Vegan, and Chit Chat brand names. It also provides supply chain management services.