Deutsche Bank Lowers Debenhams Price Target to GBX 110 (DEB)
Equities research analysts at Deutsche Bank decreased their price objective on shares of Debenhams (LON:DEB) from GBX 115 ($1.86) to GBX 110 ($1.78) in a research note issued to investors on Monday, ARN reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 8.06% from the company’s current price.
Debenhams (LON:DEB) traded up 0.69% during mid-day trading on Monday, hitting GBX 101.80. The stock had a trading volume of 2,869,718 shares. Debenhams has a 52-week low of GBX 78.20 and a 52-week high of GBX 122.30. The stock’s 50-day moving average is GBX 103.9 and its 200-day moving average is GBX 99.03. The company’s market cap is £1.273 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale cut their price target on shares of Debenhams from GBX 120 ($1.94) to GBX 116 ($1.88) in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Debenhams from GBX 100 ($1.62) to GBX 97 ($1.57) in a research note to investors on Friday, October 25th. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Debenhams from GBX 95 ($1.54) to GBX 105 ($1.70) in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 102.70 ($1.66).
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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