Liberum Capital Reiterates Sell Rating for Debenhams (DEB)

Debenhams (LON:DEB)‘s stock had its “sell” rating restated by Liberum Capital in a note issued to investors on Thursday. They presently have a GBX 25 ($0.34) target price on the stock. Liberum Capital’s price objective points to a potential downside of 16.33% from the company’s previous close.

Several other research analysts have also commented on the company. Investec dropped their price target on Debenhams from GBX 34 ($0.46) to GBX 28 ($0.38) and set a “hold” rating for the company in a research report on Friday, January 5th. Canaccord Genuity dropped their price target on Debenhams from GBX 44 ($0.60) to GBX 28 ($0.38) and set a “hold” rating for the company in a research report on Friday, January 5th. Berenberg Bank dropped their price target on Debenhams from GBX 37 ($0.50) to GBX 19 ($0.26) and set a “sell” rating for the company in a research report on Friday, January 5th. JPMorgan Chase & Co. dropped their price target on Debenhams from GBX 38 ($0.52) to GBX 26 ($0.35) and set an “underweight” rating for the company in a research report on Friday, January 5th. Finally, Deutsche Bank dropped their price target on Debenhams from GBX 37 ($0.50) to GBX 33 ($0.45) and set a “hold” rating for the company in a research report on Friday, January 5th. Six analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Debenhams has a consensus rating of “Hold” and a consensus price target of GBX 34.23 ($0.46).

Debenhams (LON:DEB) traded down GBX 0.22 ($0.00) on Thursday, reaching GBX 29.88 ($0.41). The company had a trading volume of 5,281,812 shares, compared to its average volume of 6,060,000. The stock has a market capitalization of $366.87 and a price-to-earnings ratio of 747.00. Debenhams has a 12 month low of GBX 27.10 ($0.37) and a 12 month high of GBX 56.06 ($0.76).

In related news, insider David Adams purchased 75,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was purchased at an average price of GBX 31 ($0.42) per share, with a total value of £23,250 ($31,529.70). Also, insider Sergio Bucher purchased 169,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were bought at an average cost of GBX 30 ($0.41) per share, with a total value of £50,700 ($68,755.09). Insiders have bought 419,000 shares of company stock valued at $12,470,000 in the last ninety days.

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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.

Analyst Recommendations for Debenhams (LON:DEB)

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