Debenhams (LON:DEB)‘s stock had its “hold” rating reiterated by investment analysts at Numis Securities in a research report issued on Thursday, January 4th. They presently have a GBX 30 ($0.41) price target on the stock. Numis Securities’ price objective would indicate a potential upside of 0.33% from the stock’s previous close.
DEB has been the topic of several other reports. Deutsche Bank decreased their price target on shares of Debenhams from GBX 45 ($0.61) to GBX 42 ($0.57) and set a “hold” rating on the stock in a research note on Friday, December 8th. Liberum Capital downgraded shares of Debenhams to a “sell” rating and decreased their price target for the stock from GBX 58 ($0.79) to GBX 40 ($0.54) in a research note on Wednesday, November 1st. Royal Bank of Canada restated a “sector performer” rating and set a GBX 42 ($0.57) price objective on shares of Debenhams in a research report on Thursday, January 4th. Peel Hunt restated a “hold” rating and set a GBX 45 ($0.61) price objective on shares of Debenhams in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 38 ($0.52) price objective on shares of Debenhams in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 36.79 ($0.50).
Debenhams (DEB) traded up GBX 1.24 ($0.02) on Thursday, reaching GBX 29.90 ($0.41). 6,810,319 shares of the company’s stock traded hands, compared to its average volume of 5,760,000. The stock has a market capitalization of $367.12 and a P/E ratio of 747.50. Debenhams has a fifty-two week low of GBX 27.10 ($0.37) and a fifty-two week high of GBX 59.01 ($0.80).
In related news, insider Sergio Bucher acquired 169,000 shares of Debenhams stock in a transaction dated Monday, January 8th. The stock was acquired at an average price of GBX 30 ($0.41) per share, for a total transaction of £50,700 ($68,755.09). Also, insider Ian Cheshire acquired 175,000 shares of Debenhams stock in a transaction dated Friday, January 5th. The shares were bought at an average price of GBX 29 ($0.39) per share, with a total value of £50,750 ($68,822.89).
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Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.
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