Debenhams (DEB) PT Lowered to GBX 21 at Goldman Sachs

Debenhams (LON:DEB) had its price objective reduced by Goldman Sachs from GBX 25 ($0.35) to GBX 21 ($0.29) in a research report sent to investors on Wednesday. Goldman Sachs currently has a sell rating on the stock.

A number of other equities research analysts have also issued reports on DEB. Deutsche Bank reissued a hold rating and issued a GBX 45 ($0.62) target price on shares of Debenhams in a research report on Tuesday, November 21st. Peel Hunt reissued a hold rating and issued a GBX 55 ($0.76) target price on shares of Debenhams in a research report on Tuesday, December 5th. Jefferies Group reissued a hold rating and issued a GBX 47 ($0.65) target price on shares of Debenhams in a research report on Tuesday, January 2nd. Liberum Capital dropped their target price on Debenhams from GBX 40 ($0.55) to GBX 25 ($0.35) and set a sell rating on the stock in a research report on Thursday, January 4th. Finally, Royal Bank of Canada restated a sector performer rating and issued a GBX 42 ($0.58) price target on shares of Debenhams in a research note on Thursday, January 4th. Six analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 32.46 ($0.45).

Shares of DEB stock opened at GBX 22.26 ($0.31) on Wednesday. Debenhams has a 1 year low of GBX 25.46 ($0.35) and a 1 year high of GBX 55.60 ($0.77). The stock has a market capitalization of $328.81 and a P/E ratio of 556.50.

In related news, insider David Adams purchased 75,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was purchased at an average cost of GBX 31 ($0.43) per share, for a total transaction of £23,250 ($32,122.13). Also, insider Sergio Bucher purchased 169,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was bought at an average price of GBX 30 ($0.41) per share, with a total value of £50,700 ($70,046.97). Over the last 90 days, insiders acquired 419,000 shares of company stock valued at $12,470,000.

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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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