Shares of Debenhams Plc (LON:DEB) have been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the firm. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 68.94 ($0.90).
Several research analysts have commented on the company. Peel Hunt downgraded Debenhams Plc to a “hold” rating and reduced their price objective for the stock from GBX 100 ($1.31) to GBX 80 ($1.04) in a report on Wednesday, June 22nd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 65 ($0.85) price objective on shares of Debenhams Plc in a report on Monday, July 18th. Deutsche Bank AG restated a “hold” rating on shares of Debenhams Plc in a report on Wednesday, June 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Debenhams Plc in a report on Thursday, June 23rd. Finally, Jefferies Group reduced their price objective on Debenhams Plc from GBX 75 ($0.98) to GBX 55 ($0.72) and set a “hold” rating on the stock in a report on Tuesday, July 5th.
In related news, insider Duddy,Terry bought 100,000 shares of the stock in a transaction dated Thursday, July 7th. The shares were purchased at an average price of GBX 53 ($0.69) per share, for a total transaction of £53,000 ($69,181.57).
Shares of Debenhams Plc (LON:DEB) opened at 56.05 on Friday. The company’s market capitalization is GBX 687.85 million. The firm has a 50-day moving average price of GBX 59.35 and a 200 day moving average price of GBX 65.98. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 90.00.
About Debenhams Plc
Debenhams plc is a United Kingdom-based multi-channel company. The Company brand trades through approximately 240 stores in 28 countries. It is available online in more than 70 countries. It owns and operates 172 stores in the United Kingdom, Republic of Ireland and Denmark. Its product portfolio includes women’s wear, menswear, children’s wear, and health and beauty products.
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