Debenhams Stock Rating Lowered by HSBC (DEB)
Debenhams (LON:DEB) was downgraded by stock analysts at HSBC to a “neutral” rating in a report issued on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 80 ($1.31) target price on the stock, down from their previous target price of GBX 110 ($1.80). HSBC’s price objective would indicate a potential upside of 4.92% from the company’s current price.
Shares of Debenhams (LON:DEB) traded down 0.78% on Tuesday, hitting GBX 76.25. The stock had a trading volume of 31,501,246 shares. Debenhams has a 52-week low of GBX 70.85 and a 52-week high of GBX 114.20. The stock has a 50-day moving average of GBX 86.27 and a 200-day moving average of GBX 99.29. The company’s market cap is £962.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura cut their price target on shares of Debenhams from GBX 112 ($1.84) to GBX 85 ($1.39) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Seymour Pierce 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 Monday. They now have a “sell” rating on the stock. Finally, 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). Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 92.09 ($1.51).
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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