Debenhams Plc Upgraded to “Hold” by Cantor Fitzgerald Europe (DEB)
Debenhams Plc (LON:DEB) was upgraded by equities research analysts at Cantor Fitzgerald Europe to a “hold” rating in a research note issued to investors on Wednesday. The firm currently has a GBX 65 ($1.09) price target on the stock, down from their previous price target of GBX 70 ($1.17). Cantor Fitzgerald Europe‘s price target suggests a potential upside of 0.78% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of Debenhams Plc in a research note on Tuesday. They now have a GBX 62 ($1.04) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of Debenhams Plc in a research note on Friday, August 15th. They now have a GBX 65 ($1.09) price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 78.05 ($1.30).
Shares of Debenhams Plc (LON:DEB) opened at 65.08 on Wednesday. Debenhams Plc has a 1-year low of GBX 61.45 and a 1-year high of GBX 113.50. The stock has a 50-day moving average of GBX 65.25 and a 200-day moving average of GBX 73.5. The company’s market cap is £799.1 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.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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