Debenhams Price Target Lowered to GBX 85 at Nomura (DEB)
Research analysts at Nomura dropped their price objective on shares of Debenhams (LON:DEB) from GBX 112 ($1.84) to GBX 85 ($1.39) in a report released on Tuesday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Nomura’s price objective would indicate a potential upside of 4.23% from the stock’s previous close.
Debenhams (LON:DEB) opened at 81.55 on Tuesday. Debenhams has a one year low of GBX 70.85 and a one year high of GBX 113.50. The stock’s 50-day moving average is GBX 85.02 and its 200-day moving average is GBX 98.8. The company’s market cap is £1.030 billion.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald Europe 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, January 6th. They now have a “sell” rating on the stock. Separately, analysts at Liberum Capital downgraded shares of Debenhams to a “sell” rating in a research note to investors on Monday, January 6th. They now have a GBX 65 ($1.07) price target on the stock, down previously from GBX 100 ($1.64). Finally, 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, January 6th. They now have a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 88.83 ($1.46).
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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