Debenhams Stock Rating Reaffirmed by BNP Paribas (DEB)
Debenhams (LON:DEB)‘s stock had its “underperform” rating reiterated by investment analysts at BNP Paribas in a note issued to investors on Monday, StockRatingsNetwork reports. They currently have a GBX 90 ($1.44) price objective on the stock. BNP Paribas’ price target points to a potential downside of 10.00% from the company’s current price.
A number of other firms have also recently commented on DEB. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Debenhams (LON:DEB) in a research note to investors on Monday. They now have a GBX 110 ($1.76) price target on the stock. Separately, 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. Finally, 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.
Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 101.36 ($1.62).
Shares of Debenhams (LON:DEB) traded up 0.91% during mid-day trading on Monday, hitting GBX 100.00. The stock had a trading volume of 4,232,031 shares. Debenhams has a 52 week low of GBX 78.20 and a 52 week 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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