Shore Capital Cuts Dunelm Group (LON:DNLM) Price Target to GBX 1,200

Dunelm Group (LON:DNLM) had its target price decreased by Shore Capital from GBX 1,300 to GBX 1,200 in a research note published on Tuesday morning, MarketBeat.com reports. Shore Capital currently has a buy rating on the stock.

A number of other research analysts have also issued reports on DNLM. JPMorgan Chase & Co. lifted their target price on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Berenberg Bank reduced their price objective on shares of Dunelm Group from GBX 1,480 to GBX 1,425 and set a “buy” rating on the stock in a report on Friday, January 16th. UBS Group reissued a “buy” rating and set a GBX 1,360 target price on shares of Dunelm Group in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price target on Dunelm Group from GBX 1,360 to GBX 1,200 and set a “buy” rating for the company in a report on Friday, January 16th. Finally, Jefferies Financial Group cut their price objective on shares of Dunelm Group from GBX 1,131 to GBX 1,075 and set a “hold” rating on the stock in a report on Monday, January 19th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Dunelm Group presently has an average rating of “Moderate Buy” and an average price target of GBX 1,216.67.

Dunelm Group Price Performance

Shares of DNLM opened at GBX 936.59 on Tuesday. The firm has a 50-day simple moving average of GBX 1,080.16 and a two-hundred day simple moving average of GBX 1,126.52. The stock has a market cap of £1.89 billion, a PE ratio of 12.20, a P/E/G ratio of -10.32 and a beta of 1.18. Dunelm Group has a 1-year low of GBX 836.61 and a 1-year high of GBX 1,249. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16.

Insiders Place Their Bets

In other news, insider Daniel Taylor bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of GBX 1,163 per share, for a total transaction of £46,520. Also, insider Luisa Wright sold 2,257 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of GBX 1,121, for a total value of £25,300.97. Over the last 90 days, insiders purchased 17,790 shares of company stock valued at $20,056,160. Corporate insiders own 34.16% of the company’s stock.

About Dunelm Group

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.