Jefferies Group Reiterates “Hold” Rating for Debenhams (LON:DEB)

Jefferies Group reiterated their hold rating on shares of Debenhams (LON:DEB) in a research report released on Tuesday, January 2nd. The firm currently has a GBX 47 ($0.64) target price on the stock.

Several other research firms have also recently commented on DEB. Peel Hunt reissued a hold rating and set a GBX 55 ($0.75) target price on shares of Debenhams in a research note on Tuesday, September 19th. Deutsche Bank reiterated a hold rating and issued a GBX 45 ($0.61) target price on shares of Debenhams in a report on Friday, September 8th. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 38 ($0.52) price target on shares of Debenhams in a research report on Friday, October 27th. Liberum Capital reissued a hold rating and issued a GBX 58 ($0.79) price target on shares of Debenhams in a research report on Thursday, October 26th. Finally, Numis Securities reaffirmed a hold rating and set a GBX 45 ($0.61) price objective on shares of Debenhams in a research report on Monday, October 30th. Six research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 34.23 ($0.46).

Shares of Debenhams (LON DEB) opened at GBX 29.90 ($0.41) on Tuesday. Debenhams has a twelve month low of GBX 27.10 ($0.37) and a twelve month high of GBX 59.01 ($0.80). The firm has a market cap of $367.12 and a price-to-earnings ratio of 747.50.

The company also recently disclosed a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 7th will be issued a dividend of GBX 2.40 ($0.03) per share. This is a boost from Debenhams’s previous dividend of $1.03. This represents a yield of 5.71%. The ex-dividend date of this dividend is Thursday, December 7th.

In related news, insider Ian Cheshire bought 175,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was bought at an average cost of GBX 29 ($0.39) per share, for a total transaction of £50,750 ($68,822.89). Also, insider Sergio Bucher bought 169,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were bought at an average price of GBX 30 ($0.41) per share, with a total value of £50,700 ($68,755.09).

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About Debenhams

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.

Analyst Recommendations for Debenhams (LON:DEB)

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