Debenhams Capital (LON:DEBS) Stock Price Up 1.6% – Here’s Why

Shares of Debenhams Capital PLC (LON:DEBS) shot up 1.6% during mid-day trading on Friday. The company traded as high as GBX 26.20 and last traded at GBX 25.40. 10,277,616 shares traded hands during mid-day trading, an increase of 180% from the average session volume of 3,672,631 shares. The stock had previously closed at GBX 25.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 35 price objective on shares of Debenhams Capital in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 27.50.

Debenhams Capital Stock Up 1.6%

The firm has a market cap of £399.54 million and a P/E ratio of -3.28. The firm’s 50-day simple moving average is GBX 23.17 and its 200 day simple moving average is GBX 21.49.

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.