Investec Reiterates Hold Rating for Debenhams Plc (DEB)
Debenhams Plc (LON:DEB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Investec in a research note issued to investors on Tuesday. They currently have a GBX 62 ($1.04) price target on the stock. Investec’s target price suggests a potential downside of 2.21% from the stock’s previous close.
Shares of Debenhams Plc (LON:DEB) opened at 64.51 on Tuesday. Debenhams Plc has a 1-year low of GBX 61.45 and a 1-year high of GBX 113.50. The stock’s 50-day moving average is GBX 65.27 and its 200-day moving average is GBX 73.65. The company’s market cap is £792.1 million.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of Debenhams Plc in a research note on Friday. They now have a GBX 65 ($1.09) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Debenhams Plc in a research note on Tuesday, August 12th. They now have a GBX 70 ($1.17) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Debenhams Plc in a research note on Monday, August 11th. They now have a GBX 73 ($1.22) price target on the stock. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average 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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