Debenhams’ (LON:DEB) Hold Rating Reaffirmed at Peel Hunt

Debenhams (LON:DEB)‘s stock had its “hold” rating restated by stock analysts at Peel Hunt in a research note issued on Wednesday, December 20th. They currently have a GBX 45 ($0.61) price objective on the stock. Peel Hunt’s target price points to a potential upside of 50.50% from the company’s previous close.

Several other analysts have also weighed in on DEB. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 45 ($0.61) price objective on shares of Debenhams in a research note on Friday, September 8th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 58 ($0.79) price objective on shares of Debenhams in a research note on Thursday, October 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 38 ($0.52) price objective on shares of Debenhams in a research note on Friday, October 27th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 47 ($0.64) price objective on shares of Debenhams in a research note on Friday, October 27th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 45 ($0.61) price objective on shares of Debenhams in a research note on Monday, October 30th. Six equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 34.23 ($0.46).

Debenhams (LON DEB) traded up GBX 1.24 ($0.02) on Wednesday, hitting GBX 29.90 ($0.41). The stock had a trading volume of 6,810,000 shares, compared to its average volume of 5,760,000. The firm has a market cap of $367.12 and a price-to-earnings ratio of 747.50. Debenhams has a 12 month low of GBX 27.10 ($0.37) and a 12 month high of GBX 59.01 ($0.80).

In other news, insider Sergio Bucher acquired 169,000 shares of the firm’s stock in a transaction dated 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 ($68,755.09). Also, insider Ian Cheshire acquired 175,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were purchased at an average price of GBX 29 ($0.39) per share, with a total value of £50,750 ($68,822.89).

TRADEMARK VIOLATION NOTICE: This article was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.thelincolnianonline.com/2018/01/13/debenhams-deb-stock-rating-reaffirmed-by-peel-hunt-updated-updated.html.

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)

Receive News & Ratings for Debenhams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Debenhams and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply