Debenhams’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (DEB)
Debenhams (LON:DEB)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday, ARN reports.
Debenhams (LON:DEB) traded down 1.90% during mid-day trading on Wednesday, hitting GBX 103.00. 4,074,742 shares of the company’s stock traded hands. Debenhams has a 1-year low of GBX 78.20 and a 1-year high of GBX 124.80. The stock’s 50-day moving average is GBX 106.6 and its 200-day moving average is GBX 94.22. The company’s market cap is £1.296 billion.
DEB has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Debenhams (LON:DEB) in a research note to investors on Wednesday. They now have a GBX 95 ($1.51) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Debenhams (LON:DEB) in a research note to investors on Tuesday. They now have a GBX 108 ($1.71) price target on the stock. Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Debenhams (LON:DEB) in a research note to investors on Tuesday. They now have a GBX 110 ($1.75) price target on the stock.
Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 101.36 ($1.61).
Debenhams plc is a United Kingdom-based holding company. The principal activities of the Company and its subsidiaries are the sale of fashion clothing and accessories, cosmetics and products for use in the home.
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