Debenhams Given New GBX 70 Price Target at Seymour Pierce (DEB)
Investment analysts at Seymour Pierce dropped their price objective on shares of Debenhams (LON:DEB) from GBX 95 ($1.56) to GBX 70 ($1.15) in a note issued to investors on Monday, AR Network reports. The firm currently has a “sell” rating on the stock. Seymour Pierce’s price target would indicate a potential downside of 10.37% from the stock’s previous close.
Debenhams (LON:DEB) traded down 1.09% on Monday, hitting GBX 77.25. 9,089,798 shares of the company’s stock traded hands. Debenhams has a 52-week low of GBX 70.85 and a 52-week high of GBX 118.10. The stock’s 50-day moving average is GBX 87.76 and its 200-day moving average is GBX 99.19. The company’s market cap is £975.3 million.
A number of other analysts have also recently weighed in on DEB. Analysts at Liberum Capital downgraded shares of Debenhams to a “sell” rating in a research note to investors on Monday. They now have a GBX 65 ($1.07) price target on the stock, down previously from GBX 100 ($1.64). Separately, analysts at Citigroup Inc. cut their price target on shares of Debenhams from GBX 95 ($1.56) to GBX 80 ($1.31) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Cantor Fitzgerald cut their price target on shares of Debenhams from GBX 95 ($1.56) to GBX 70 ($1.15) in a research note to investors on Friday. They now have a “sell” rating on the stock. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Debenhams currently has a consensus rating of “Hold” and an average price target of GBX 97 ($1.59).
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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