Debenhams Plc’s (DEB) “Underweight” Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their underweight rating on shares of Debenhams Plc (LON:DEB) in a report released on Friday morning. The brokerage currently has a GBX 38 ($0.50) price objective on the stock.

DEB has been the topic of several other research reports. Peel Hunt restated a hold rating and set a GBX 55 ($0.73) target price on shares of Debenhams Plc in a report on Tuesday, September 19th. Deutsche Bank AG restated a hold rating and set a GBX 45 ($0.59) target price on shares of Debenhams Plc in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Debenhams Plc from GBX 51 ($0.67) to GBX 44 ($0.58) and set a sell rating on the stock in a report on Thursday, June 29th. HSBC Holdings plc restated a reduce rating on shares of Debenhams Plc in a report on Friday, June 30th. Finally, Liberum Capital restated a hold rating and set a GBX 58 ($0.77) target price on shares of Debenhams Plc in a report on Thursday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 48.21 ($0.64).

Debenhams Plc (DEB) traded up 2.19% during mid-day trading on Friday, hitting GBX 46.75. The stock had a trading volume of 3,716,688 shares. The company has a 50 day moving average price of GBX 46.01 and a 200-day moving average price of GBX 46.28. Debenhams Plc has a one year low of GBX 39.56 and a one year high of GBX 59.35. The company’s market cap is GBX 573.67 million.

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About Debenhams Plc

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 Plc (LON:DEB)

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