Canaccord Genuity Reaffirms Buy Rating for Dunelm Group (LON:DNLM)

Canaccord Genuity reaffirmed their buy rating on shares of Dunelm Group (LON:DNLM) in a research note issued to investors on Wednesday, January 17th. The brokerage currently has a GBX 752 ($10.39) price target on the stock.

A number of other brokerages also recently issued reports on DNLM. Barclays restated an overweight rating and issued a GBX 860 ($11.88) price objective on shares of Dunelm Group in a research note on Wednesday, October 18th. Deutsche Bank increased their price target on Dunelm Group from GBX 630 ($8.70) to GBX 640 ($8.84) and gave the stock a hold rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 760 ($10.50) price target on shares of Dunelm Group in a research note on Friday, October 13th. Jefferies Group increased their price target on Dunelm Group from GBX 515 ($7.12) to GBX 560 ($7.74) and gave the stock an underperform rating in a research note on Wednesday, December 6th. Finally, Peel Hunt reiterated a hold rating and set a GBX 620 ($8.57) price target on shares of Dunelm Group in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Dunelm Group presently has a consensus rating of Hold and an average price target of GBX 691.20 ($9.55).

Shares of Dunelm Group (LON DNLM) traded down GBX 9 ($0.12) during trading on Wednesday, reaching GBX 616.50 ($8.52). The company had a trading volume of 172,263 shares, compared to its average volume of 490,463. Dunelm Group has a 1-year low of GBX 541.50 ($7.48) and a 1-year high of GBX 760 ($10.50). The company has a market capitalization of $1,240.00 and a P/E ratio of 1,712.50.

In related news, insider Andy Harrison purchased 77,449 shares of Dunelm Group stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average cost of GBX 641 ($8.86) per share, for a total transaction of £496,448.09 ($685,891.25).

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About Dunelm Group

Dunelm Group plc is a United Kingdom-based company, which operates in the homewares market. The Company operates through the retail of homewares in the United Kingdom segment. The Company specializes in soft furnishings and other homeware. The Company also owns Dorma brand. The Company is a homewares retailer, which provides a range of products to its customer base, under the brand name Dunelm.

Analyst Recommendations for Dunelm Group (LON:DNLM)

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