Brokerages Set Debenhams Plc (LON:DEB) Target Price at $68.94
Shares of Debenhams Plc (LON:DEB) have earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the company. Five analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 68.94 ($0.90).
A number of research analysts recently weighed in on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Debenhams Plc in a report on Wednesday, June 8th. Haitong Bank reissued a “buy” rating and issued a GBX 70 ($0.91) price objective on shares of Debenhams Plc in a research report on Friday, August 26th. Royal Bank Of Canada reissued an “outperform” rating on shares of Debenhams Plc in a research report on Monday, August 1st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Debenhams Plc in a research report on Thursday, June 23rd. Finally, Investec cut their price objective on Debenhams Plc from GBX 67 ($0.87) to GBX 52 ($0.68) and set a “sell” rating on the stock in a research report on Wednesday, July 20th.
Shares of Debenhams Plc (LON:DEB) opened at 55.759964 on Friday. The company has a 50 day moving average price of GBX 59.56 and a 200-day moving average price of GBX 66.42. The firm’s market capitalization is GBX 684.29 million. Debenhams Plc has a 12 month low of GBX 51.25 and a 12 month high of GBX 90.00.
In other Debenhams Plc news, insider Duddy,Terry acquired 100,000 shares of Debenhams Plc stock in a transaction dated Thursday, July 7th. The stock was acquired at an average cost of GBX 53 ($0.69) per share, for a total transaction of £53,000 ($69,181.57).
About Debenhams Plc
Debenhams plc is a United Kingdom-based multi-channel company. The Company brand trades through approximately 240 stores in 28 countries. It is available online in more than 70 countries. It owns and operates 172 stores in the United Kingdom, Republic of Ireland and Denmark. Its product portfolio includes women’s wear, menswear, children’s wear, and health and beauty products.
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