Debenhams Stock Rating Reaffirmed by Bank of America Corp. (DEB)
Debenhams (LON:DEB)‘s stock had its “neutral” rating restated by equities researchers at Bank of America Corp. in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 110 ($1.76) price objective on the stock. Bank of America Corp.’s target price would indicate a potential upside of 10.00% from the company’s current price.
DEB has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Debenhams (LON:DEB) in a research note to investors on Friday. They now have a GBX 70 ($1.12) price target on the stock. Separately, analysts at HSBC raised their price target on shares of Debenhams (LON:DEB) from GBX 110 ($1.76) to GBX 120 ($1.92) in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Debenhams (LON:DEB) from GBX 100 ($1.60) to GBX 115 ($1.84) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock.
Four equities 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 101.36 ($1.62).
Shares of Debenhams (LON:DEB) traded up 0.91% on Monday, hitting GBX 100.00. 4,596,933 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 106.0 and its 200-day moving average is GBX 94.36. The company’s market cap is £1.258 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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