Debenhams Capital (LON:DEBS) Earns Buy Rating from Shore Capital Group

Debenhams Capital (LON:DEBS)‘s stock had its “buy” rating reaffirmed by Shore Capital Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 35 price objective on the stock. Shore Capital Group’s price objective points to a potential upside of 53.85% from the company’s previous close.

Debenhams Capital Stock Down 0.2%

Shares of DEBS traded down GBX 0.05 during mid-day trading on Wednesday, hitting GBX 22.75. 3,568,494 shares of the company’s stock traded hands, compared to its average volume of 4,207,640. The firm has a market capitalization of £357.33 million and a P/E ratio of -2.25. The business’s 50-day moving average price is GBX 19.76 and its 200-day moving average price is GBX 20.41. Debenhams Capital has a 1 year low of GBX 10.30 and a 1 year high of GBX 29.50.

Debenhams Capital (LON:DEBS) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX (2.36) EPS for the quarter. The company had revenue of £917 million during the quarter.

Debenhams Capital Company Profile

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.

Almost half of our products are designed and sourced in the UK and distributed globally from our international distribution centres based in the North of England.