Dunelm Group (DNLM) Price Target Cut to GBX 550 by Analysts at HSBC

Dunelm Group (LON:DNLM) had its price target lowered by HSBC from GBX 640 ($8.93) to GBX 550 ($7.67) in a research note issued to investors on Monday morning. The firm currently has a hold rating on the stock.

A number of other research analysts also recently weighed in on the stock. Numis Securities cut their price target on shares of Dunelm Group from GBX 800 ($11.16) to GBX 750 ($10.46) and set a buy rating on the stock in a report on Friday, April 13th. Peel Hunt restated a hold rating and set a GBX 620 ($8.65) price target on shares of Dunelm Group in a report on Thursday, April 12th. UBS restated a buy rating on shares of Dunelm Group in a report on Friday, April 6th. Royal Bank of Canada cut their price target on shares of Dunelm Group from GBX 575 ($8.02) to GBX 560 ($7.81) and set an underperform rating on the stock in a report on Friday, February 23rd. Finally, Canaccord Genuity cut their price target on shares of Dunelm Group from GBX 752 ($10.49) to GBX 714 ($9.96) and set a buy rating on the stock in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 640.82 ($8.94).

Dunelm Group stock opened at GBX 562 ($7.84) on Monday. Dunelm Group has a 1-year low of GBX 541.50 ($7.55) and a 1-year high of GBX 760 ($10.60).

The company also recently announced a dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 22nd were paid a GBX 7 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a yield of 1.22%.

In other news, insider Keith Down bought 7,645 shares of the stock in a transaction that occurred on Thursday, March 22nd. The shares were acquired at an average cost of GBX 518 ($7.22) per share, for a total transaction of £39,601.10 ($55,231.66). Also, insider Andy Harrison bought 43,647 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of GBX 568 ($7.92) per share, for a total transaction of £247,914.96 ($345,767.03).

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Dunelm Group Company Profile

Dunelm Group plc engages in the retail of homewares in the United Kingdom. The company offers furniture for bedroom, living room, dining room, and office; sofas and chairs; bed frames, mattresses, beds, and headboards, as well as kids beds; and bedding products, such as bed linens, duvets, pillows, protectors, and kids beddings.

Analyst Recommendations for Dunelm Group (LON:DNLM)

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