Debenhams Plc (DEB) PT Lowered to GBX 50
Debenhams Plc (LON:DEB) had its target price cut by research analysts at HSBC from GBX 55 ($0.67) to GBX 50 ($0.61) in a note issued to investors on Tuesday. The firm presently has a “reduce” rating on the stock. HSBC’s target price would suggest a potential downside of 7.32% from the company’s previous close.
Several other analysts have also recently commented on DEB. Peel Hunt cut shares of Debenhams Plc to a “hold” rating and decreased their price target for the stock from GBX 100 ($1.22) to GBX 80 ($0.98) in a research note on Wednesday, June 22nd. Deutsche Bank AG decreased their price target on shares of Debenhams Plc from GBX 85 ($1.04) to GBX 80 ($0.98) and set a “hold” rating on the stock in a research note on Thursday, June 23rd. Jefferies Group reiterated a “hold” rating and issued a GBX 75 ($0.91) price target on shares of Debenhams Plc in a research note on Thursday, June 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Debenhams Plc in a research note on Thursday, June 23rd. Finally, Beaufort Securities reiterated a “hold” rating on shares of Debenhams Plc in a research note on Thursday, June 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Debenhams Plc currently has a consensus rating of “Hold” and an average price target of GBX 68.76 ($0.84).
Shares of Debenhams Plc (LON:DEB) traded up 2.32% during mid-day trading on Tuesday, reaching GBX 55.20. 3,267,083 shares of the company’s stock traded hands. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 90.00. The stock has a 50-day moving average price of GBX 58.09 and a 200 day moving average price of GBX 64.88. The firm’s market capitalization is GBX 677.41 million.
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About Debenhams Plc
Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.
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