Debenhams Plc (DEB) Price Target Lowered to GBX 50 at Peel Hunt

Debenhams Plc (LON:DEB) had its target price decreased by Peel Hunt from GBX 70 ($0.88) to GBX 50 ($0.63) in a report released on Thursday morning. Peel Hunt currently has a hold rating on the stock.

DEB has been the topic of several other research reports. HSBC Holdings plc reissued a reduce rating and issued a GBX 50 ($0.63) target price on shares of Debenhams Plc in a research note on Monday, January 23rd. Jefferies Group LLC cut their price target on shares of Debenhams Plc from GBX 55 ($0.69) to GBX 50 ($0.63) and set a hold rating on the stock in a report on Tuesday, February 28th. Berenberg Bank restated a hold rating and issued a GBX 75 ($0.94) price target on shares of Debenhams Plc in a report on Thursday, February 9th. Deutsche Bank AG restated a sell rating and issued a GBX 52 ($0.65) price target on shares of Debenhams Plc in a report on Friday, January 13th. Finally, Royal Bank of Canada restated a sector perform rating and issued a GBX 62 ($0.78) price target on shares of Debenhams Plc in a report on Thursday, January 12th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 53.69 ($0.68).

Analyst Recommendations for Debenhams Plc (LON:DEB)

Debenhams Plc (LON:DEB) traded down 0.38% during mid-day trading on Thursday, hitting GBX 52.30. 5,494,456 shares of the stock traded hands. The company’s market cap is GBX 642.01 million. Debenhams Plc has a 12 month low of GBX 51.25 and a 12 month high of GBX 81.00. The company’s 50 day moving average is GBX 53.71 and its 200 day moving average is GBX 54.92.

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The firm also recently announced a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 1st will be issued a dividend of GBX 1.03 ($0.01) per share. This represents a yield of 1.95%. The ex-dividend date is Thursday, June 1st.

In other Debenhams Plc news, insider Sergio Bucher bought 187,617 shares of the company’s stock in a transaction on Monday, February 27th. The shares were bought at an average cost of GBX 53 ($0.67) per share, for a total transaction of £99,437.01 ($125,156.71).

About Debenhams Plc

Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.

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