Debenhams Capital (LON:DEBS) Trading 20.2% Higher – What’s Next?

Debenhams Capital PLC (LON:DEBS)’s share price rose 20.2% on Thursday . The company traded as high as GBX 26 and last traded at GBX 25.55. Approximately 15,195,212 shares traded hands during trading, an increase of 308% from the average daily volume of 3,725,064 shares. The stock had previously closed at GBX 21.25.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 35 target price on shares of Debenhams Capital in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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 capitalization of £401.90 million and a price-to-earnings ratio of -3.30. The business’s 50-day moving average price is GBX 22.15 and its two-hundred day moving average price is GBX 20.37.

Debenhams Capital (LON:DEBS) last announced its quarterly earnings data on Tuesday, June 16th. The company reported GBX (2.36) earnings per share for the quarter. The business 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.