Debenhams (LON:DEB)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research note issued to investors on Friday. They presently have a GBX 33 ($0.45) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 10.52% from the company’s previous close.
A number of other brokerages have also issued reports on DEB. Numis Securities reaffirmed a “hold” rating and set a GBX 45 ($0.61) target price on shares of Debenhams in a research report on Monday, October 30th. Liberum Capital reaffirmed a “hold” rating and set a GBX 58 ($0.79) target price on shares of Debenhams in a research report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and set a GBX 47 ($0.64) target price on shares of Debenhams in a research report on Friday, October 27th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 38 ($0.52) target price on shares of Debenhams in a research report on Friday, October 27th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 55 ($0.75) target price on shares of Debenhams in a research report on Tuesday, December 5th. Six investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 34.23 ($0.46).
Shares of Debenhams (DEB) opened at GBX 29.86 ($0.40) on Friday. The stock has a market capitalization of $366.63 and a price-to-earnings ratio of 746.50. Debenhams has a 52-week low of GBX 27.10 ($0.37) and a 52-week high of GBX 56.06 ($0.76).
In other news, insider Ian Cheshire bought 175,000 shares of the stock in a transaction on Friday, January 5th. The shares were purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £50,750 ($68,822.89). Also, insider David Adams bought 75,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was purchased at an average price of GBX 31 ($0.42) per share, for a total transaction of £23,250 ($31,529.70). Insiders acquired 419,000 shares of company stock worth $12,470,000 in the last 90 days.
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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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