Debenhams Plc (DEB) Rating Reiterated by Canaccord Genuity
Debenhams Plc (LON:DEB)‘s stock had its “hold” rating reaffirmed by analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They currently have a GBX 60 ($0.76) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 8.50% from the stock’s previous close.
DEB has been the topic of a number of other reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 50 ($0.63) price objective on shares of Debenhams Plc in a report on Wednesday, January 25th. HSBC Holdings plc restated a “reduce” rating and issued a GBX 50 ($0.63) price objective on shares of Debenhams Plc in a report on Monday, January 23rd. Deutsche Bank AG downgraded Debenhams Plc to a “sell” rating and cut their price objective for the stock from GBX 60 ($0.76) to GBX 52 ($0.65) in a report on Tuesday, January 3rd. Peel Hunt restated a “hold” rating and issued a GBX 70 ($0.88) price objective on shares of Debenhams Plc in a report on Friday, January 13th. Finally, Berenberg Bank downgraded Debenhams Plc to a “sell” rating and cut their price objective for the stock from GBX 75 ($0.94) to GBX 46 ($0.58) in a report on Thursday, March 2nd. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Debenhams Plc presently has an average rating of “Hold” and an average target price of GBX 54.31 ($0.68).
Debenhams Plc (LON:DEB) opened at 52.223 on Thursday. The stock’s 50 day moving average price is GBX 53.81 and its 200 day moving average price is GBX 54.96. The stock’s market cap is GBX 641.06 million. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 82.15.
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In related news, insider Sergio Bucher bought 187,617 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were acquired at an average cost of GBX 53 ($0.67) per share, for a total transaction of £99,437.01 ($125,156.71).
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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