Deutsche Bank Increases Debenhams Price Target to GBX 115 (DEB)
Analysts at Deutsche Bank lifted their target price on shares of Debenhams (LON:DEB) from GBX 100 ($1.59) to GBX 115 ($1.83) in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 11.65% from the company’s current price.
A number of other firms have also recently commented on DEB. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Debenhams (LON:DEB) in a research note to investors on Wednesday. Separately, 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. Finally, 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.
Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 101.36 ($1.61).
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 one year low of GBX 78.20 and a one 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.
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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