Debenhams Plc (DEB) Given Consensus Rating of “Hold” by Analysts
Debenhams Plc (LON:DEB) has earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 52.29 ($0.67).
DEB has been the topic of a number of research reports. Jefferies Group LLC reduced their price objective on Debenhams Plc from GBX 55 ($0.70) to GBX 50 ($0.64) and set a “hold” rating on the stock in a research note on Tuesday, February 28th. Berenberg Bank downgraded Debenhams Plc to a “sell” rating and reduced their price objective for the stock from GBX 75 ($0.95) to GBX 46 ($0.59) in a research note on Thursday, March 2nd. HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 50 ($0.64) price objective on shares of Debenhams Plc in a research note on Wednesday, March 22nd. Liberum Capital reaffirmed a “hold” rating and issued a GBX 58 ($0.74) price objective on shares of Debenhams Plc in a research note on Wednesday, April 19th. Finally, Peel Hunt reduced their price objective on Debenhams Plc from GBX 70 ($0.89) to GBX 50 ($0.64) and set a “hold” rating on the stock in a research note on Thursday, April 20th.
Shares of Debenhams Plc (LON:DEB) traded down 2.81% during mid-day trading on Tuesday, reaching GBX 43.25. The company’s stock had a trading volume of 2,359,849 shares. Debenhams Plc has a 12-month low of GBX 42.50 and a 12-month high of GBX 72.70. The company’s 50-day moving average price is GBX 49.22 and its 200-day moving average price is GBX 53.03. The stock’s market capitalization is GBX 530.72 million.
The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors 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 Ian Cheshire acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average price of GBX 50 ($0.64) per share, for a total transaction of £25,000 ($31,798.52).
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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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