Debenhams (DEB) PT Lowered to GBX 33

Debenhams (LON:DEB) had its price objective reduced by analysts at Deutsche Bank from GBX 37 ($0.49) to GBX 33 ($0.44) in a report released on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 10.24% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Citigroup reissued a “neutral” rating and issued a GBX 30 ($0.40) target price on shares of Debenhams in a report on Friday. Numis Securities reissued a “hold” rating and issued a GBX 30 ($0.40) target price on shares of Debenhams in a report on Thursday. Peel Hunt lowered shares of Debenhams to a “sell” rating and set a GBX 55 ($0.74) target price for the company. in a report on Thursday. Royal Bank of Canada restated a “sector performer” rating and issued a GBX 42 ($0.56) price target on shares of Debenhams in a research report on Thursday. Finally, Liberum Capital lowered their price target on Debenhams from GBX 40 ($0.53) to GBX 25 ($0.33) and set a “sell” rating for the company in a research report on Thursday. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 41.57 ($0.56).

Debenhams (LON DEB) opened at GBX 29.93 ($0.40) on Friday. Debenhams has a fifty-two week low of GBX 27.10 ($0.36) and a fifty-two week high of GBX 59.01 ($0.79). The firm has a market cap of $365.15 and a price-to-earnings ratio of 748.37.

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About Debenhams

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.

Analyst Recommendations for Debenhams (LON:DEB)

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