The home shopping giant took analysts to dinner on Tuesday night, when it impressed them with its business strengths as well as its cocktails.
N Brown’s shares were unfairly hit last year because of credit crunch fears, but the retailer is going from strength to strength.
A rise in active customer numbers, good credit control and internet strength were among the bull points taken away by brokers.
Kaupthing analyst Matthew McEachran said: “This was an excellent show by management, confirming that the business should be able to maintain its momentum.”
Investec’s David Jeary, who has a 300p price target, believes N Brown could make profits of£100 million or more by February 2011. He said: “This was a very strong and enthusiastic presentation. The evening underlined the strong growth prospects and quality management of the company and I reiterate my conviction buy stance.”
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