Debenhams Plc (DEB) Price Target Cut to GBX 42 by Analysts at HSBC Holdings plc
Debenhams Plc (LON:DEB) had its price objective cut by investment analysts at HSBC Holdings plc from GBX 48 ($0.62) to GBX 42 ($0.54) in a report issued on Wednesday. The brokerage currently has a “reduce” rating on the stock. HSBC Holdings plc’s price target would indicate a potential downside of 16.83% from the stock’s current price.
DEB has been the topic of several other research reports. Jefferies Group LLC decreased their price target on Debenhams Plc from GBX 55 ($0.71) to GBX 50 ($0.65) and set a “hold” rating on the stock in a report on Tuesday, February 28th. Berenberg Bank reiterated a “hold” rating and issued a GBX 75 ($0.97) price target on shares of Debenhams Plc in a report on Thursday, February 9th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 52 ($0.67) price target on shares of Debenhams Plc in a report on Wednesday, February 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 50 ($0.65) price target on shares of Debenhams Plc in a report on Wednesday, January 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 60 ($0.77) price target on shares of Debenhams Plc in a report on Thursday, April 20th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Debenhams Plc currently has a consensus rating of “Hold” and an average price target of GBX 53.21 ($0.69).
Shares of Debenhams Plc (LON:DEB) traded down 0.10% during midday trading on Wednesday, reaching GBX 50.50. 6,093,619 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 619.69 million. Debenhams Plc has a 1-year low of GBX 49.80 and a 1-year high of GBX 75.95. The firm has a 50-day moving average of GBX 52.47 and a 200-day moving average of GBX 54.39.
The business also recently announced a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 1st will be issued a dividend of GBX 1.03 ($0.01) per share. This represents a yield of 1.95%. The ex-dividend date is Thursday, June 1st.
In other Debenhams Plc news, insider Sergio Bucher acquired 187,617 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were acquired at an average price of GBX 53 ($0.68) per share, for a total transaction of £99,437.01 ($128,355.51). Also, insider Ian Cheshire acquired 50,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of GBX 50 ($0.65) per share, for a total transaction of £25,000 ($32,270.56).
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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