Debenhams’ (DEB) Sell Rating Reaffirmed at Liberum Capital

Liberum Capital reaffirmed their sell rating on shares of Debenhams (LON:DEB) in a research note published on Thursday. The firm currently has a GBX 25 ($0.34) price target on the stock.

Several other research analysts have also weighed in on DEB. Canaccord Genuity lowered their price objective on Debenhams from GBX 44 ($0.60) to GBX 28 ($0.38) and set a hold rating for the company in a research report on Friday, January 5th. Citigroup reiterated a neutral rating and issued a GBX 30 ($0.41) price objective on shares of Debenhams in a research report on Friday, January 5th. Berenberg Bank decreased their price target on Debenhams from GBX 37 ($0.50) to GBX 19 ($0.26) and set a sell rating on the stock in a research note on Friday, January 5th. Peel Hunt cut Debenhams to a sell rating and set a GBX 55 ($0.75) price target on the stock. in a research note on Thursday, January 4th. Finally, Royal Bank of Canada restated a sector performer rating and set a GBX 42 ($0.57) price target on shares of Debenhams in a research note on Thursday, January 4th. Six research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 34.23 ($0.46).

Shares of Debenhams (LON DEB) traded down GBX 0.22 ($0.00) during trading on Thursday, reaching GBX 29.88 ($0.41). The company had a trading volume of 5,281,812 shares, compared to its average volume of 6,060,000. The stock has a market capitalization of $366.87 and a price-to-earnings ratio of 747.00. Debenhams has a 52 week low of GBX 27.10 ($0.37) and a 52 week high of GBX 56.06 ($0.76).

The business also recently disclosed a dividend, which was paid on Friday, January 19th. Stockholders of record on Thursday, December 7th were paid a GBX 2.40 ($0.03) dividend. This is a boost from Debenhams’s previous dividend of $1.03. This represents a dividend yield of 5.71%. The ex-dividend date of this dividend was Thursday, December 7th.

In related news, insider Ian Cheshire acquired 175,000 shares of Debenhams stock in a transaction dated Friday, January 5th. The shares were acquired at an average cost of GBX 29 ($0.39) per share, for a total transaction of £50,750 ($68,822.89). Also, insider David Adams acquired 75,000 shares of Debenhams stock in a transaction dated Tuesday, January 16th. The stock was bought at an average price of GBX 31 ($0.42) per share, for a total transaction of £23,250 ($31,529.70). Over the last quarter, insiders bought 419,000 shares of company stock worth $12,470,000.

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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.

Analyst Recommendations for Debenhams (LON:DEB)

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