Debenhams (LON:DEB) had its target price cut by investment analysts at Deutsche Bank from GBX 37 ($0.50) to GBX 33 ($0.45) in a report issued on Friday, January 5th. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 10.37% from the company’s current price.
DEB has been the topic of a number of other reports. Numis Securities reaffirmed a “hold” rating and issued a GBX 45 ($0.61) price target on shares of Debenhams in a research note on Monday, October 30th. Liberum Capital cut 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 reiterated a “sector performer” rating and issued a GBX 42 ($0.57) price objective on shares of Debenhams in a research report on Thursday, January 4th. Peel Hunt reiterated a “hold” rating and issued a GBX 45 ($0.61) price objective on shares of Debenhams in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 38 ($0.52) price objective on shares of Debenhams in a research report on Friday, October 27th. Six investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Debenhams currently has a consensus rating of “Hold” and an average target price of GBX 34.23 ($0.46).
Shares of Debenhams (DEB) traded up GBX 1.24 ($0.02) during midday trading on Friday, hitting GBX 29.90 ($0.41). The company had a trading volume of 6,810,000 shares, compared to its average volume of 5,760,000. The stock has a market cap of $367.12 and a PE ratio of 747.50. Debenhams has a 52 week low of GBX 27.10 ($0.37) and a 52 week high of GBX 59.01 ($0.80).
In other Debenhams news, insider Ian Cheshire purchased 175,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £50,750 ($68,822.89). Also, insider Sergio Bucher purchased 169,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was acquired 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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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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