Deutsche Bank reissued their hold rating on shares of Debenhams (LON:DEB) in a research note issued to investors on Wednesday. They currently have a GBX 33 ($0.46) price target on the stock.
Several other equities analysts also recently commented on the company. Numis Securities restated a hold rating and issued a GBX 45 ($0.62) price objective on shares of Debenhams in a research report on Monday, October 30th. Jefferies Group restated a hold rating and issued a GBX 47 ($0.65) price objective on shares of Debenhams in a research report on Tuesday, January 2nd. Liberum Capital lowered their price objective on Debenhams from GBX 40 ($0.55) to GBX 25 ($0.35) and set a sell rating on the stock in a research report on Thursday, January 4th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 38 ($0.53) price objective on shares of Debenhams in a research report on Friday, October 27th. Finally, Peel Hunt restated a hold rating and issued a GBX 55 ($0.76) price objective 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 assigned a hold rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 34.23 ($0.47).
Debenhams (DEB) opened at GBX 28.42 ($0.39) on Wednesday. Debenhams has a 52-week low of GBX 26.06 ($0.36) and a 52-week high of GBX 55.60 ($0.77). The company has a market capitalization of $348.95 and a PE ratio of 710.50.
In other news, insider David Adams bought 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were bought at an average cost of GBX 31 ($0.43) per share, for a total transaction of £23,250 ($32,122.13). Also, insider Sergio Bucher bought 169,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average price of GBX 30 ($0.41) per share, for a total transaction of £50,700 ($70,046.97). Insiders purchased 419,000 shares of company stock worth $12,470,000 over the last quarter.
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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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