Debenhams Plc (DEB) Stock Rating Reaffirmed by Liberum Capital
Debenhams Plc (LON:DEB)‘s stock had its “hold” rating reissued by stock analysts at Liberum Capital in a research note issued on Thursday. They presently have a GBX 58 ($0.72) price objective on the stock.
DEB has been the topic of a number of other reports. HSBC lowered Debenhams Plc from a “hold” rating to a “reduce” rating and boosted their price objective for the company from GBX 53 ($0.66) to GBX 55 ($0.69) in a research note on Friday, September 9th. Royal Bank Of Canada lowered Debenhams Plc to a “sector perform” rating and set a GBX 65 ($0.81) price objective on the stock. in a research note on Tuesday, August 30th. Haitong Bank reiterated a “buy” rating and set a GBX 70 ($0.87) price objective on shares of Debenhams Plc in a research note on Friday, August 26th. Beaufort Securities reiterated a “hold” rating on shares of Debenhams Plc in a research note on Friday, October 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 54 ($0.67) price objective on shares of Debenhams Plc in a research note on Thursday, October 27th. Five 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. The company presently has an average rating of “Hold” and a consensus target price of GBX 66.80 ($0.83).
Shares of Debenhams Plc (LON:DEB) opened at 58.0000 on Thursday. The stock has a 50 day moving average price of GBX 55.65 and a 200 day moving average price of GBX 61.31. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 85.90. The firm’s market cap is GBX 712.01 million.
The firm also recently disclosed a dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Thursday, December 8th will be issued a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 4.34%. This is a boost from Debenhams Plc’s previous dividend of $1.03.
In other Debenhams Plc news, insider Matt Smith acquired 44,465 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average price of GBX 56 ($0.70) per share, for a total transaction of £24,900.40 ($31,109.95).
About Debenhams Plc
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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