Several other equities research analysts also recently issued reports on DEB. Peel Hunt restated a hold rating and set a GBX 55 ($0.75) target price on shares of Debenhams in a research report on Tuesday, September 19th. Liberum Capital restated a hold rating and set a GBX 58 ($0.79) target price on shares of Debenhams in a research report on Thursday, October 26th. JPMorgan Chase & Co. restated an underweight rating and set a GBX 38 ($0.52) target price on shares of Debenhams in a research report on Friday, October 27th. Jefferies Group restated a hold rating and set a GBX 47 ($0.64) target price on shares of Debenhams in a research report on Friday, October 27th. Finally, Numis Securities restated a hold rating and set a GBX 45 ($0.61) target price on shares of Debenhams in a research report on Monday, October 30th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 36.79 ($0.50).
Debenhams (LON DEB) traded up GBX 1.24 ($0.02) during trading on Tuesday, reaching GBX 29.90 ($0.41). The company had a trading volume of 6,810,319 shares, 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).
The company also recently declared a dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, December 7th will be issued a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 5.71%. This is a boost from Debenhams’s previous dividend of $1.03.
In related news, insider Ian Cheshire acquired 175,000 shares of Debenhams stock in a transaction dated Friday, January 5th. The shares were purchased at an average cost of GBX 29 ($0.39) per share, with a total value of £50,750 ($68,822.89). Also, insider Sergio Bucher acquired 169,000 shares of Debenhams stock in a transaction dated Monday, January 8th. The shares were bought at an average cost of GBX 30 ($0.41) per share, for a total transaction of £50,700 ($68,755.09).
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Debenhams Company Profile
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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