Dunelm Group plc’s (DNLM) Buy Rating Reiterated at HSBC
Dunelm Group plc (LON:DNLM)‘s stock had its “buy” rating restated by stock analysts at HSBC in a research note issued to investors on Monday. They currently have a GBX 1,050 ($13.71) price target on the stock. HSBC’s price objective suggests a potential upside of 32.28% from the stock’s previous close.
A number of other equities analysts have also commented on DNLM. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 855 ($11.16) price target on shares of Dunelm Group plc in a report on Thursday, September 15th. Canaccord Genuity lowered Dunelm Group plc to a ” hold” rating and raised their price target for the stock from GBX 875 ($11.42) to GBX 920 ($12.01) in a report on Thursday, September 15th. Jefferies Group cut their price target on Dunelm Group plc from GBX 845 ($11.03) to GBX 700 ($9.14) and set a “hold” rating for the company in a report on Tuesday, July 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Dunelm Group plc in a report on Thursday, September 15th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Dunelm Group plc in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 897.50 ($11.72).
Shares of Dunelm Group plc (LON:DNLM) traded down 0.80% during midday trading on Monday, reaching GBX 793.10. The company had a trading volume of 204,392 shares. The company’s market capitalization is GBX 1.61 billion. The company has a 50 day moving average of GBX 883.62 and a 200 day moving average of GBX 889.33. Dunelm Group plc has a one year low of GBX 724.00 and a one year high of GBX 1,023.00.
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The company also recently declared a dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 3rd will be given a dividend of GBX 19.10 ($0.25) per share. The ex-dividend date is Thursday, November 3rd. This represents a yield of 2.14%.
In related news, insider Down,Keith acquired 5,629 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were purchased at an average price of GBX 865 ($11.29) per share, for a total transaction of £48,690.85 ($63,556.78). Also, insider William Reeve acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, October 6th. The stock was bought at an average price of GBX 823 ($10.74) per share, for a total transaction of £20,575 ($26,856.81).
About Dunelm Group plc
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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