Debenhams (DEB) Rating Reiterated by Deutsche Bank
Debenhams (LON:DEB)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank in a research report issued to clients and investors on Wednesday. They presently have a GBX 33 ($0.46) target price on the stock. Deutsche Bank’s target price suggests a potential upside of 12.86% from the stock’s previous close.
Several other research firms have also issued reports on DEB. Jefferies Group reaffirmed a “hold” rating and issued a GBX 47 ($0.65) target price on shares of Debenhams in a report on Friday, October 27th. Liberum Capital reaffirmed a “sell” rating on shares of Debenhams in a report on Wednesday, January 10th. Citigroup reaffirmed a “neutral” rating and issued a GBX 30 ($0.41) target price on shares of Debenhams in a report on Friday, January 5th. Berenberg Bank reduced their target price on Debenhams from GBX 37 ($0.51) to GBX 19 ($0.26) and set a “sell” rating for the company in a report on Friday, January 5th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 30 ($0.41) target price on shares of Debenhams in a report on Thursday, January 4th. Six investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 34.23 ($0.47).
Debenhams (LON:DEB) opened at GBX 29.24 ($0.40) on Wednesday. The stock has a market capitalization of $359.02 and a P/E ratio of 731.00. Debenhams has a twelve month low of GBX 26.06 ($0.36) and a twelve month high of GBX 55.60 ($0.77).
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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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