Berenberg Bank Issues Pessimistic Forecast for Dunelm Group (LON:DNLM) Stock Price

Dunelm Group (LON:DNLM) had its price target dropped by equities researchers at Berenberg Bank from GBX 1,480 to GBX 1,425 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 48.90% from the stock’s previous close.

Several other brokerages have also issued reports on DNLM. UBS Group reissued a “buy” rating and set a GBX 1,360 target price on shares of Dunelm Group in a research note on Friday, October 17th. Royal Bank Of Canada upgraded shares of Dunelm Group to an “outperform” rating and upped their price objective for the company from GBX 1,200 to GBX 1,300 in a report on Monday, November 3rd. Jefferies Financial Group increased their price objective on shares of Dunelm Group from GBX 1,755 to GBX 1,817 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Shore Capital restated a “buy” rating on shares of Dunelm Group in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Dunelm Group has a consensus rating of “Moderate Buy” and an average target price of GBX 1,390.25.

Dunelm Group Trading Up 1.6%

Shares of Dunelm Group stock traded up GBX 15.50 on Friday, reaching GBX 957. 5,275,631 shares of the company’s stock were exchanged, compared to its average volume of 1,455,887. The company has a market capitalization of £1.93 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. Dunelm Group has a 52 week low of GBX 836.61 and a 52 week high of GBX 1,249. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The firm’s 50-day moving average is GBX 1,113.57 and its two-hundred day moving average is GBX 1,140.89.

Insider Buying and Selling at Dunelm Group

In related news, insider Luisa Wright sold 2,257 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of GBX 1,121, for a total value of £25,300.97. Also, insider Daniel Taylor purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of GBX 1,163 per share, for a total transaction of £46,520. In the last ninety days, insiders purchased 17,790 shares of company stock valued at $20,056,160 and sold 61,854 shares valued at $70,913,541. Corporate insiders own 34.16% of the company’s stock.

Trending Headlines about Dunelm Group

Here are the key news stories impacting Dunelm Group this week:

• Positive Sentiment: Shore Capital reaffirmed its “buy” rating on Dunelm, which provides analyst support that could limit downside if results stabilize. Broker rating reaffirmed
• Negative Sentiment: Dunelm reported Q2 sales growth slowed and warned that full‑year profit will be at the low end of expectations — a direct hit to earnings outlook that likely triggered the sell‑off. Dunelm Q2 sales growth slows, warns full-year profit at low end of expectations
• Negative Sentiment: Coverage notes Dunelm shares tumbled after festive‑season demand came in weaker than expected, suggesting lower volumes/consumer spending pressured revenue and sentiment. Dunelm shares tumble as festive demand takes a hit
• Negative Sentiment: Market commentary flagged a sharp intraday sell‑off and asked whether investors should exit after a large drop in the share price, amplifying short‑term volatility and downward pressure. Dunelm Trading Down 19.5% – Should You Sell?

Dunelm Group Company Profile

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.