Debenhams Plc Upgraded by N+1 Singer to “Buy” (DEB)
Debenhams Plc (LON:DEB) was upgraded by analysts at N+1 Singer to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a GBX 80 ($1.32) price target on the stock, down from their previous price target of GBX 85 ($1.41). N+1 Singer’s price target suggests a potential upside of 22.61% from the stock’s previous close.
A number of other analysts have also recently weighed in on DEB. Analysts at Barclays reiterated an “equal weight” rating on shares of Debenhams Plc in a research note on Friday, August 22nd. They now have a GBX 70 ($1.16) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe upgraded shares of Debenhams Plc to a “hold” rating in a research note on Wednesday, August 20th. They now have a GBX 65 ($1.08) price target on the stock, down previously from GBX 70 ($1.16). Finally, analysts at Investec reiterated a “hold” rating on shares of Debenhams Plc in a research note on Tuesday, August 19th. They now have a GBX 62 ($1.03) price target on the stock. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 77.63 ($1.28).
Debenhams Plc (LON:DEB) traded up 1.69% during mid-day trading on Friday, hitting GBX 66.35. The stock had a trading volume of 1,015,430 shares. 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 65.02 and its 200-day moving average is GBX 73.24. The company’s market cap is £814.7 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.
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