Debenhams’ (DEB) “Sell” Rating Reiterated at Liberum Capital
DEB has been the topic of a number of other research reports. Peel Hunt restated a hold rating and set a GBX 55 ($0.75) price objective on shares of Debenhams in a research report on Tuesday, September 19th. Deutsche Bank reduced their price objective on Debenhams from GBX 45 ($0.61) to GBX 42 ($0.57) and set a hold rating on the stock in a research report on Friday, December 8th. Citigroup restated a neutral rating and set a GBX 30 ($0.41) price objective on shares of Debenhams in a research report on Friday, January 5th. Investec reduced their price objective on Debenhams from GBX 34 ($0.46) to GBX 28 ($0.38) and set a hold rating on the stock in a research report on Friday, January 5th. Finally, Royal Bank of Canada restated a sector performer rating and set a GBX 42 ($0.57) price objective on shares of Debenhams in a research report on Thursday, January 4th. Six investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 34.23 ($0.46).
Shares of Debenhams (DEB) opened at GBX 29.90 ($0.41) on Wednesday. The firm has a market capitalization of $367.12 and a price-to-earnings ratio of 747.50. Debenhams has a 52-week low of GBX 27.10 ($0.37) and a 52-week high of GBX 59.01 ($0.80).
In other Debenhams news, insider Ian Cheshire acquired 175,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were bought at an average cost of GBX 29 ($0.39) per share, with a total value of £50,750 ($68,822.89). Also, insider Sergio Bucher acquired 169,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was acquired at an average cost of GBX 30 ($0.41) per share, for a total transaction of £50,700 ($68,755.09).
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Debenhams 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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