Debenhams Capital (LON:DEBS) Trading 9.1% Higher – What’s Next?

Debenhams Capital PLC (LON:DEBS)’s stock price shot up 9.1% during mid-day trading on Wednesday . The company traded as high as GBX 21.50 and last traded at GBX 20.51. 6,072,480 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 4,230,977 shares. The stock had previously closed at GBX 18.80.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “hold” rating on shares of Debenhams Capital in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of GBX 17.50.

Debenhams Capital Price Performance

The company has a market cap of £374.30 million and a price-to-earnings ratio of -2.35. The company’s 50-day simple moving average is GBX 17.59 and its 200-day simple moving average is GBX 19.84.

Debenhams Capital Company Profile

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.

Almost half of our products are designed and sourced in the UK and distributed globally from our international distribution centres based in the North of England.