HSBC Reiterates Buy Rating for Dunelm Group plc (DNLM)
Dunelm Group plc (LON:DNLM)‘s stock had its “buy” rating reaffirmed by investment analysts at HSBC in a research report issued on Tuesday. They currently have a GBX 1,050 ($13.03) price target on the stock. HSBC’s price objective points to a potential upside of 41.09% from the stock’s current price.
A number of other research analysts also recently weighed in on DNLM. Royal Bank Of Canada restated an “underperform” rating on shares of Dunelm Group plc in a research note on Monday, August 1st. Peel Hunt upgraded Dunelm Group plc to a “buy” rating and set a GBX 1,000 ($12.41) price target for the company in a research note on Tuesday, August 2nd. Canaccord Genuity restated a “hold” rating and issued a GBX 875 ($10.85) price target on shares of Dunelm Group plc in a research note on Wednesday, September 14th. Jefferies Group restated a “hold” rating and issued a GBX 700 ($8.68) price target on shares of Dunelm Group plc in a research note on Thursday, September 15th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Dunelm Group plc in a research note on Thursday, September 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 896.67 ($11.12).
Dunelm Group plc (LON:DNLM) opened at 749.1609 on Tuesday. Dunelm Group plc has a 52 week low of GBX 724.00 and a 52 week high of GBX 1,023.00. The company has a 50 day moving average price of GBX 766.06 and a 200-day moving average price of GBX 852.61. The firm’s market capitalization is GBX 1.51 billion.
The business also recently disclosed a dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 3rd were issued a GBX 19.10 ($0.24) dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a yield of 2.14%.
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In related news, insider William Reeve acquired 2,500 shares of the company’s stock in a transaction on Thursday, October 6th. The stock was purchased at an average cost of GBX 823 ($10.21) per share, with a total value of £20,575 ($25,524.13).
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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