Debenhams (DEB) Hits New 12-Month Low After Analyst Downgrade

Debenhams Plc (LON:DEB) shares hit a new 52-week low during mid-day trading on Thursday after Peel Hunt downgraded the stock to a sell rating. Peel Hunt now has a GBX 55 price target on the stock. Debenhams traded as low as GBX 27.10 ($0.36) and last traded at GBX 30.34 ($0.41), with a volume of 42018615 shares traded. The stock had previously closed at GBX 30.34 ($0.41).

A number of other research analysts have also recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector performer” rating and set a GBX 42 ($0.56) price objective on shares of Debenhams in a research report on Thursday. Liberum Capital lowered their price objective on Debenhams from GBX 40 ($0.53) to GBX 25 ($0.33) and set a “sell” rating on the stock in a research report on Thursday. Jefferies Group reaffirmed a “hold” rating and set a GBX 47 ($0.63) price objective on shares of Debenhams in a research report on Tuesday. Deutsche Bank reaffirmed a “hold” rating and set a GBX 42 ($0.56) price objective on shares of Debenhams in a research report on Tuesday, December 19th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 45 ($0.60) price objective on shares of Debenhams in a research report on Monday, October 30th. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 43.29 ($0.58).

The firm has a market capitalization of $365.15 and a P/E ratio of 758.50.

The company also recently disclosed a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 7th will be paid a GBX 2.40 ($0.03) dividend. This is an increase from Debenhams’s previous dividend of $1.03. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 5.71%.

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Debenhams Company Profile

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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