Debenhams Plc (DEB) Stock Rating Lowered by HSBC Holdings plc
Debenhams Plc (LON:DEB) was downgraded by analysts at HSBC Holdings plc to a “reduce” rating in a report issued on Wednesday. They currently have a GBX 50 ($0.63) price target on the stock. HSBC Holdings plc’s price target suggests a potential downside of 4.76% from the stock’s current price.
Several other research firms have also weighed in on DEB. Deutsche Bank AG reiterated a “hold” rating and set a GBX 60 ($0.76) target price on shares of Debenhams Plc in a report on Tuesday, December 20th. Peel Hunt reiterated a “hold” rating and set a GBX 70 ($0.88) target price on shares of Debenhams Plc in a report on Friday, January 13th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 55 ($0.69) target price on shares of Debenhams Plc in a report on Monday, January 16th. Berenberg Bank reiterated a “hold” rating and set a GBX 75 ($0.94) target price on shares of Debenhams Plc in a report on Thursday, February 9th. Finally, Haitong Bank reiterated a “buy” rating and set a GBX 70 ($0.88) target price on shares of Debenhams Plc in a report on Thursday, January 12th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 53.69 ($0.68).
Shares of Debenhams Plc (LON:DEB) opened at 52.35 on Wednesday. The firm’s market cap is GBX 642.62 million. The stock has a 50 day moving average price of GBX 53.78 and a 200 day moving average price of GBX 54.94. Debenhams Plc has a one year low of GBX 51.25 and a one year high of GBX 81.00.
The business also recently announced a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 1st will be given a GBX 1.03 ($0.01) dividend. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 1st.
In related news, insider Sergio Bucher bought 187,617 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were acquired at an average price of GBX 53 ($0.67) per share, with a total value of £99,437.01 ($125,156.71).
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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