Debenhams Plc (DEB) Stock Rating Reaffirmed by Deutsche Bank AG
Debenhams Plc (LON:DEB)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They currently have a GBX 60 ($0.74) price objective on the stock. Deutsche Bank AG’s target price suggests a potential upside of 4.53% from the stock’s previous close.
Several other research firms also recently commented on DEB. Jefferies Group reduced their price objective on Debenhams Plc from GBX 75 ($0.93) to GBX 55 ($0.68) and set a “hold” rating for the company in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. reduced their price objective on Debenhams Plc from GBX 80 ($0.99) to GBX 70 ($0.87) and set a “sell” rating for the company in a research note on Thursday, June 23rd. Liberum Capital reduced their price objective on Debenhams Plc from GBX 73 ($0.90) to GBX 58 ($0.72) and set a “hold” rating for the company in a research note on Tuesday, July 5th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Debenhams Plc in a research note on Thursday, June 23rd. Finally, Peel Hunt downgraded Debenhams Plc to a “hold” rating and reduced their price objective for the company from GBX 100 ($1.24) to GBX 80 ($0.99) in a research note on Wednesday, June 22nd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Debenhams Plc presently has an average rating of “Hold” and an average target price of GBX 69.08 ($0.85).
Shares of Debenhams Plc (LON:DEB) opened at 56.50 on Wednesday. The company’s market cap is GBX 693.37 million. The stock’s 50 day moving average is GBX 58.99 and its 200 day moving average is GBX 65.32. Debenhams Plc has a 52-week low of GBX 51.25 and a 52-week high of GBX 90.00.
Debenhams Plc 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.
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