Debenhams Capital (LON:DEBS) Trading Up 7.2% – Here’s What Happened

Debenhams Capital PLC (LON:DEBS) traded up 7.2% during trading on Wednesday . The stock traded as high as GBX 22 and last traded at GBX 20.90. 5,265,573 shares were traded during trading, an increase of 39% from the average session volume of 3,778,978 shares. The stock had previously closed at GBX 19.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 35 price objective on shares of Debenhams Capital in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 27.50.

Debenhams Capital Price Performance

The company has a market cap of £346.85 million and a price-to-earnings ratio of -2.85. The firm has a 50-day moving average price of GBX 22.43 and a 200 day moving average price of GBX 20.36.

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

About Debenhams Capital

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.