Deutsche Bank AG Trims Debenhams Plc (DEB) Target Price to GBX 45
Debenhams Plc (LON:DEB) had its target price cut by equities research analysts at Deutsche Bank AG from GBX 50 ($0.65) to GBX 45 ($0.58) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 5.26% from the stock’s current price.
A number of other research firms also recently commented on DEB. Peel Hunt decreased their target price on Debenhams Plc from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “hold” rating on the stock in a research report on Thursday, April 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 60 ($0.78) target price on shares of Debenhams Plc in a research report on Thursday, April 20th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 60 ($0.78) target price on shares of Debenhams Plc in a research report on Thursday, April 20th. Berenberg Bank downgraded Debenhams Plc to a “sell” rating and decreased their target price for the stock from GBX 75 ($0.97) to GBX 46 ($0.60) in a research report on Thursday, March 2nd. Finally, HSBC Holdings plc reiterated a “reduce” rating and issued a GBX 50 ($0.65) target price on shares of Debenhams Plc in a research report on Wednesday, March 22nd. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 48.14 ($0.62).
Debenhams Plc (LON DEB) traded down 1.16% during mid-day trading on Wednesday, hitting GBX 42.75. The company’s stock had a trading volume of 1,444,115 shares. The company’s 50 day moving average is GBX 47.74 and its 200-day moving average is GBX 52.42. The stock’s market cap is GBX 524.58 million. Debenhams Plc has a 52-week low of GBX 42.50 and a 52-week high of GBX 64.25.
The business also recently disclosed a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 1st will be given a dividend of GBX 1.03 ($0.01) per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a yield of 1.95%.
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In related news, insider Ian Cheshire acquired 50,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were acquired at an average cost of GBX 50 ($0.65) per share, for a total transaction of £25,000 ($32,383.42).
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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