Dunelm Group (LON:DNLM) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

Dunelm Group (LON:DNLM) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report released on Thursday, London Stock Exchange reports. The brokerage presently has a GBX 1,050 target price on the stock, up from their previous target price of GBX 850. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 22.09% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Shore Capital Group restated a “buy” rating and issued a GBX 1,000 target price on shares of Dunelm Group in a report on Thursday, July 16th. Berenberg Bank dropped their price objective on Dunelm Group from GBX 1,332 to GBX 1,200 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,143.89.

Dunelm Group Trading Up 3.4%

LON:DNLM opened at GBX 860 on Thursday. Dunelm Group has a 52 week low of GBX 707 and a 52 week high of GBX 1,246. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83. The firm’s fifty day moving average is GBX 854.74 and its 200-day moving average is GBX 836.98. The firm has a market cap of £1.73 billion, a P/E ratio of 11.70, a P/E/G ratio of -10.32 and a beta of 0.97.

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.