Debenhams Capital (LON:DEBS) Shares Up 9.1% – Here’s What Happened

Debenhams Capital PLC (LON:DEBS)’s stock price shot up 9.1% during trading on Wednesday . The stock traded as high as GBX 21.50 and last traded at GBX 20.51. 6,072,480 shares were traded during mid-day trading, an increase of 44% from the average session volume of 4,230,977 shares. The stock had previously closed at GBX 18.80.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “hold” rating on shares of Debenhams Capital in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of GBX 17.50.

Debenhams Capital Stock Performance

The company’s 50 day moving average price is GBX 17.35 and its 200 day moving average price is GBX 19.67. The company has a market cap of £329.85 million and a price-to-earnings ratio of -2.08.

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.