Debenhams Plc (DEB) Receives GBX 47.86 Consensus Target Price from Analysts
Shares of Debenhams Plc (LON:DEB) have received an average rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 47.86 ($0.62).
DEB has been the topic of several analyst reports. HSBC Holdings plc cut their price objective on shares of Debenhams Plc from GBX 48 ($0.63) to GBX 42 ($0.55) and set a “reduce” rating on the stock in a report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a GBX 44 ($0.57) price objective on shares of Debenhams Plc in a report on Wednesday, July 5th. Liberum Capital restated a “hold” rating and issued a GBX 58 ($0.76) price objective on shares of Debenhams Plc in a report on Monday, May 15th. Jefferies Group LLC restated a “hold” rating and issued a GBX 50 ($0.65) price objective on shares of Debenhams Plc in a report on Wednesday, April 26th. Finally, Deutsche Bank AG upgraded shares of Debenhams Plc to a “hold” rating and cut their price objective for the company from GBX 52 ($0.68) to GBX 50 ($0.65) in a report on Friday, April 21st.
In related news, insider Ian Cheshire acquired 50,000 shares of the stock in a transaction dated Monday, May 15th. The stock was bought at an average price of GBX 50 ($0.65) per share, with a total value of £25,000 ($32,556.32).
Debenhams Plc (LON:DEB) opened at 44.00 on Monday. The firm’s market cap is GBX 539.92 million. Debenhams Plc has a 52-week low of GBX 40.50 and a 52-week high of GBX 64.25. The firm has a 50-day moving average of GBX 43.28 and a 200 day moving average of GBX 49.82.
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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