Debenhams’ (DEB) “Sell” Rating Reaffirmed at Liberum Capital

Liberum Capital reaffirmed their sell rating on shares of Debenhams (LON:DEB) in a research report sent to investors on Wednesday morning.

Several other research firms have also recently weighed in on DEB. Peel Hunt reiterated a hold rating and set a GBX 55 ($0.75) price objective on shares of Debenhams in a report on Tuesday, September 19th. Jefferies Group reiterated a hold rating and set a GBX 47 ($0.64) price objective on shares of Debenhams in a report on Friday, October 27th. Citigroup reiterated a neutral rating and set a GBX 30 ($0.41) price objective on shares of Debenhams in a report on Friday, January 5th. Berenberg Bank cut their price objective on Debenhams from GBX 37 ($0.50) to GBX 19 ($0.26) and set a sell rating on the stock in a report on Friday, January 5th. Finally, Deutsche Bank reiterated a hold rating and set a GBX 42 ($0.57) price objective on shares of Debenhams in a report on Tuesday, December 19th. Six equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 34.23 ($0.46).

Debenhams (LON:DEB) traded up GBX 1.24 ($0.02) during trading hours on Wednesday, hitting GBX 29.90 ($0.41). The stock had a trading volume of 6,810,000 shares, compared to its average volume of 5,760,000. 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 has a market cap of $367.12 and a PE ratio of 747.50.

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

In other news, insider Ian Cheshire bought 175,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were acquired at an average price of GBX 29 ($0.39) per share, with a total value of £50,750 ($68,822.89). Also, insider Sergio Bucher bought 169,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased 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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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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