Dunelm Group plc (DNLM) Now Covered by HSBC
HSBC began coverage on shares of Dunelm Group plc (LON:DNLM) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a GBX 1,000 ($13.05) price target on the stock. HSBC’s price objective suggests a potential upside of 15.67% from the stock’s previous close.
Several other equities research analysts also recently issued reports on DNLM. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 855 ($11.16) price objective on shares of Dunelm Group plc in a report on Thursday, September 15th. Canaccord Genuity cut Dunelm Group plc to a ” hold” rating and boosted their target price for the stock from GBX 875 ($11.42) to GBX 920 ($12.01) in a research note on Thursday, September 15th. Jefferies Group lowered their target price on Dunelm Group plc from GBX 845 ($11.03) to GBX 700 ($9.14) and set a “hold” rating for the company in a research note on Tuesday, July 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Dunelm Group plc in a research note on Thursday, September 15th. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Dunelm Group plc in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 893.33 ($11.66).
Dunelm Group plc (LON:DNLM) opened at 870.50 on Thursday. The stock has a 50 day moving average price of GBX 893.34 and a 200 day moving average price of GBX 896.24. The stock’s market capitalization is GBX 1.76 billion. Dunelm Group plc has a 52 week low of GBX 724.00 and a 52 week high of GBX 1,023.00.
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The company also recently announced a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 3rd will be given a GBX 19.10 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a dividend yield of 2.14%.
In other news, insider Down,Keith bought 5,629 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average cost of GBX 865 ($11.29) per share, with a total value of £48,690.85 ($63,556.78). Also, insider Browett,John bought 4,534 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average cost of GBX 860 ($11.23) per share, with a total value of £38,992.40 ($50,897.27).
Dunelm Group plc Company Profile
Dunelm Group plc is a United Kingdom-based homewares retailer. The Company operates through retail of homewares in the United Kingdom segment. The Company’s business operates through approximately 150 out-of-town superstores and around six high streets, and provides further multi-channel convenience through online, mobile, catalogue, telephone ordering, and reserve and collect propositions.
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