Panmure Gordon Issues Pessimistic Forecast for Dunelm Group (LON:DNLM) Stock Price

Dunelm Group (LON:DNLM) had its price objective cut by Panmure Gordon from GBX 995 to GBX 830 in a report released on Monday,Digital Look reports. The brokerage currently has a “sell” rating on the stock. Panmure Gordon’s target price suggests a potential downside of 12.56% from the stock’s current price.

DNLM has been the topic of a number of other reports. Berenberg Bank lowered their price objective on Dunelm Group from GBX 1,480 to GBX 1,425 and set a “buy” rating on the stock in a research note on Friday. UBS Group reissued a “buy” rating and issued a GBX 1,360 price target on shares of Dunelm Group in a research report on Friday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Jefferies Financial Group reduced their price objective on shares of Dunelm Group from GBX 1,131 to GBX 1,075 and set a “hold” rating for the company in a research note on Monday. Finally, Royal Bank Of Canada raised shares of Dunelm Group to an “outperform” rating and boosted their target price for the company from GBX 1,200 to GBX 1,300 in a report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dunelm Group has an average rating of “Moderate Buy” and an average price target of GBX 1,227.78.

Dunelm Group Stock Performance

Shares of DNLM traded up GBX 1.26 during mid-day trading on Monday, hitting GBX 949.26. The stock had a trading volume of 445,296 shares, compared to its average volume of 1,009,488. 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 current ratio of 1.04 and a quick ratio of 0.16. The business has a fifty day moving average price of GBX 1,110.15 and a 200-day moving average price of GBX 1,138.71. The firm has a market cap of £1.91 billion, a P/E ratio of 12.36, a PEG ratio of -10.32 and a beta of 1.18.

Insiders Place Their Bets

In related news, insider Karen Witts purchased 10,790 shares of the business’s stock in a transaction on Monday, December 1st. The stock was acquired at an average price of GBX 1,104 per share, with a total value of £119,121.60. Also, insider Clodagh Moriarty sold 51,119 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of GBX 1,148, for a total transaction of £586,846.12. Over the last three months, insiders purchased 17,790 shares of company stock worth $20,056,160 and sold 61,854 shares worth $70,913,541. 34.16% of the stock is owned by corporate insiders.

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.