Liberum Capital Downgrades Debenhams to Sell (DEB)
Debenhams (LON:DEB) was downgraded by Liberum Capital to a “sell” rating in a research note issued on Monday, AR Network reports. They currently have a GBX 65 ($1.07) price target on the stock, down from their previous price target of GBX 100 ($1.64). Liberum Capital’s price target points to a potential downside of 16.77% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Barclays cut their price target on shares of Debenhams from GBX 80 ($1.31) to GBX 64 ($1.05) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 97 ($1.59).
Shares of Debenhams (LON:DEB) traded down 0.32% during mid-day trading on Monday, hitting GBX 77.85. 3,702,913 shares of the company’s stock traded hands. Debenhams has a 1-year low of GBX 70.85 and a 1-year high of GBX 118.10. The stock has a 50-day moving average of GBX 87.76 and a 200-day moving average of GBX 99.19. The company’s market cap is £982.8 million.
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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