Debenhams Capital’s (DEBS) Buy Rating Reaffirmed at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of Debenhams Capital (LON:DEBS) in a research note issued to investors on Monday morning,Digital Look reports. Shore Capital Group currently has a GBX 35 price target on the stock.

Debenhams Capital Price Performance

DEBS traded down GBX 0.60 during mid-day trading on Monday, hitting GBX 24.40. The stock had a trading volume of 12,079,154 shares, compared to its average volume of 4,450,889. The stock’s fifty day simple moving average is GBX 18.43 and its 200-day simple moving average is GBX 20.43. The firm has a market capitalization of £383.25 million and a price-to-earnings ratio of -2.41. 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 posted its earnings results on Tuesday, June 16th. The company reported GBX (2.36) earnings per share for the quarter. The business had revenue of £917 million for 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.