Peel Hunt Reiterates Buy Rating for Dunelm Group plc (DNLM)
Dunelm Group plc (LON:DNLM)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a report released on Thursday. They presently have a GBX 1,000 ($13.05) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 16.62% from the stock’s current price.
Several other analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Dunelm Group plc from GBX 1,000 ($13.05) to GBX 890 ($11.62) and set an “overweight” rating on the stock in a research note on Tuesday, July 5th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 800 ($10.44) price objective on shares of Dunelm Group plc in a research note on Monday, September 19th. Canaccord Genuity reissued a “buy” rating and set a GBX 875 ($11.42) price target on shares of Dunelm Group plc in a research note on Thursday, July 7th. HSBC initiated coverage on Dunelm Group plc in a research note on Thursday, September 22nd. They set a “buy” rating and a GBX 1,000 ($13.05) price target on the stock. Finally, Numis Securities Ltd reissued an “add” rating and set a GBX 1,000 ($13.05) price target on shares of Dunelm Group plc in a research note on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 893.33 ($11.66).
Shares of Dunelm Group plc (LON:DNLM) opened at 820.50 on Thursday. Dunelm Group plc has a 1-year low of GBX 724.00 and a 1-year high of GBX 1,023.00. The company’s 50-day moving average price is GBX 887.24 and its 200-day moving average price is GBX 890.43. The company’s market capitalization is GBX 1.66 billion.
The business also recently disclosed a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 3rd will be paid a GBX 19.10 ($0.25) dividend. This represents a dividend yield of 2.14%. The ex-dividend date is Thursday, November 3rd.
In related news, insider Down,Keith acquired 5,629 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were bought at an average cost of GBX 865 ($11.29) per share, with a total value of £48,690.85 ($63,556.78). Also, insider Browett,John acquired 4,534 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was bought at an average cost of GBX 860 ($11.23) per share, for a total transaction of £38,992.40 ($50,897.27).
About Dunelm Group plc
Dunelm Group plc is a United Kingdom-based homewares retailer. The Company operates through retail of homewares in the United Kingdom segment. The Company’s business operates through approximately 150 out-of-town superstores and around six high streets, and provides further multi-channel convenience through online, mobile, catalogue, telephone ordering, and reserve and collect propositions.
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