Dunelm Group plc (DNLM) Receives Overweight Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of Dunelm Group plc (LON:DNLM) in a report released on Friday morning. They currently have a GBX 890 ($11.62) price objective on the stock.
DNLM has been the subject of a number of other reports. Canaccord Genuity downgraded Dunelm Group plc to a hold rating and upped their target price for the stock from GBX 875 ($11.42) to GBX 920 ($12.01) in a research report on Thursday, September 15th. Royal Bank Of Canada downgraded Dunelm Group plc to a underperform rating and cut their target price for the stock from GBX 900 ($11.75) to GBX 800 ($10.44) in a research report on Monday, July 11th. Peel Hunt cut their target price on Dunelm Group plc from GBX 1,000 ($13.05) to GBX 900 ($11.75) and set an add rating for the company in a research report on Thursday, July 7th. Numis Securities Ltd restated an add rating and issued a GBX 1,000 ($13.05) target price on shares of Dunelm Group plc in a research report on Thursday, September 15th. Finally, HSBC began coverage on Dunelm Group plc in a research report on Thursday, September 22nd. They issued a buy rating and a GBX 1,000 ($13.05) target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 897.50 ($11.72).
Shares of Dunelm Group plc (LON:DNLM) traded down 1.19% during midday trading on Friday, hitting GBX 790.00. The stock had a trading volume of 217,416 shares. The firm’s market cap is GBX 1.60 billion. Dunelm Group plc has a 12-month low of GBX 724.00 and a 12-month high of GBX 1,023.00. The company’s 50-day moving average price is GBX 883.62 and its 200-day moving average price is GBX 889.33.
The firm also recently announced a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, November 3rd will be issued a GBX 19.10 ($0.25) dividend. The ex-dividend date is Thursday, November 3rd. This represents a dividend yield of 2.14%.
In other Dunelm Group plc news, insider Down,Keith bought 5,629 shares of Dunelm Group plc stock in a transaction dated Friday, August 5th. The stock was bought at an average price of GBX 865 ($11.29) per share, for a total transaction of £48,690.85 ($63,556.78). Also, insider William Reeve bought 2,500 shares of Dunelm Group plc stock in a transaction dated Thursday, October 6th. The stock was acquired at an average price of GBX 823 ($10.74) per share, with a total value of £20,575 ($26,856.81).
Dunelm Group plc Company Profile
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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