HSBC Holdings plc Downgrades Dunelm Group plc (DNLM) to Hold
Dunelm Group plc (LON:DNLM) was downgraded by research analysts at HSBC Holdings plc to a “hold” rating in a report issued on Wednesday. They presently have a GBX 640 ($8.26) price objective on the stock, down from their previous price objective of GBX 800 ($10.33). HSBC Holdings plc’s target price would indicate a potential upside of 4.07% from the stock’s current price.
A number of other brokerages have also issued reports on DNLM. Peel Hunt reiterated a “hold” rating and issued a GBX 750 ($9.68) price target on shares of Dunelm Group plc in a research note on Wednesday, February 8th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 820 ($10.58) price target on shares of Dunelm Group plc in a research note on Wednesday, February 8th. Citigroup Inc reiterated a “neutral” rating and issued a GBX 670 ($8.65) price target on shares of Dunelm Group plc in a research note on Monday, February 13th. JPMorgan Chase & Co. cut their price target on Dunelm Group plc from GBX 890 ($11.49) to GBX 760 ($9.81) and set an “overweight” rating for the company in a research note on Friday, March 31st. Finally, Barclays PLC assumed coverage on Dunelm Group plc in a research note on Thursday, March 30th. They issued an “overweight” rating and a GBX 730 ($9.42) price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Dunelm Group plc currently has an average rating of “Hold” and a consensus target price of GBX 701.80 ($9.06).
Dunelm Group plc (LON:DNLM) traded up 3.97% during midday trading on Wednesday, reaching GBX 615.00. The company had a trading volume of 889,512 shares. The company’s market capitalization is GBX 1.24 billion. The firm has a 50-day moving average price of GBX 617.39 and a 200-day moving average price of GBX 688.74. Dunelm Group plc has a 52 week low of GBX 579.50 and a 52 week high of GBX 999.00.
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In related news, insider Andy Harrison acquired 63,272 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was acquired at an average price of GBX 627 ($8.09) per share, with a total value of £396,715.44 ($512,089.12). Also, insider John Browett acquired 665 shares of the company’s stock in a transaction on Friday, February 24th. The shares were bought at an average cost of GBX 639 ($8.25) per share, with a total value of £4,249.35 ($5,485.16).
Dunelm Group plc Company Profile
Dunelm Group plc is a United Kingdom-based company, which operates in the homewares market. The Company operates through the retail of homewares in the United Kingdom segment. The Company specializes in soft furnishings and other homeware. The Company also owns Dorma brand. The Company is a homewares retailer, which provides a range of products to its customer base, under the brand name Dunelm.
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