BNP Paribas Reiterates “Underperform” Rating for Debenhams Plc (DEB)
Debenhams Plc (LON:DEB)‘s stock had its “underperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Tuesday. They currently have a GBX 70 ($1.17) price target on the stock. BNP Paribas’ price target suggests a potential upside of 7.36% from the company’s current price.
Shares of Debenhams Plc (LON:DEB) opened at 65.45 on Tuesday. Debenhams Plc has a 52 week low of GBX 61.45 and a 52 week high of GBX 113.50. The stock has a 50-day moving average of GBX 65.84 and a 200-day moving average of GBX 74.06. The company’s market cap is £803.7 million.
DEB has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Debenhams Plc in a research note on Monday. They now have a GBX 73 ($1.22) price target on the stock. Separately, analysts at Investec upgraded shares of Debenhams Plc to a “hold” rating in a research note on Tuesday, July 15th. They now have a GBX 62 ($1.04) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Debenhams Plc to a “hold” rating in a research note on Monday, July 14th. They now have a GBX 65 ($1.09) price target on the stock. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 78.32 ($1.31).
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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