Debenhams (LON:DEB) had its price objective decreased by Numis Securities from GBX 30 ($0.42) to GBX 22 ($0.31) in a research note released on Tuesday morning. Numis Securities currently has a hold rating on the stock.
Several other research analysts have also weighed in on DEB. Peel Hunt reissued a sell rating and set a GBX 25 ($0.35) price objective on shares of Debenhams in a report on Thursday, April 19th. Goldman Sachs reissued a sell rating on shares of Debenhams in a report on Monday, April 23rd. Deutsche Bank raised their price objective on shares of Debenhams from GBX 27 ($0.38) to GBX 33 ($0.46) and gave the stock a hold rating in a report on Friday, April 20th. Liberum Capital decreased their price objective on shares of Debenhams from GBX 25 ($0.35) to GBX 20 ($0.28) and set a sell rating for the company in a report on Thursday, April 19th. Finally, Citigroup decreased their price objective on shares of Debenhams from GBX 30 ($0.42) to GBX 20 ($0.28) and set a neutral rating for the company in a report on Friday, April 20th. Six equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 27.08 ($0.38).
Shares of DEB stock opened at GBX 23.40 ($0.33) on Tuesday. Debenhams has a 1-year low of GBX 25.46 ($0.36) and a 1-year high of GBX 55.60 ($0.78).
Debenhams (LON:DEB) last announced its quarterly earnings data on Thursday, April 19th. The company reported GBX 2.80 ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 3.60 ($0.05) by GBX (0.80) (($0.01)). Debenhams had a negative return on equity of 4.88% and a negative net margin of 2.32%.
The firm also recently declared a dividend, which will be paid on Friday, July 6th. Stockholders of record on Thursday, June 7th will be issued a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, June 7th.
Debenhams Company Profile
Debenhams plc, through its subsidiaries, operates and franchises a range of department stores in the United Kingdom, the Republic of Ireland, Denmark, and internationally. The company offers products in the categories of women's wear, men's wear, children's wear, lingerie, accessories, beauty, gift, home, furniture, electrical, and others.
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