Canaccord Genuity Cuts Dunelm Group plc (LON:DNLM) Price Target to GBX 752
Dunelm Group plc (LON:DNLM) had its target price decreased by equities researchers at Canaccord Genuity from GBX 798 ($10.34) to GBX 752 ($9.74) in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 29.32% from the stock’s current price.
Other analysts also recently issued reports about the company. HSBC Holdings plc restated a “buy” rating and issued a GBX 800 ($10.36) price target on shares of Dunelm Group plc in a research note on Wednesday, March 22nd. Deutsche Bank AG reduced their price target on Dunelm Group plc from GBX 730 ($9.46) to GBX 665 ($8.61) and set a “hold” rating for the company in a research note on Monday. Peel Hunt restated a “hold” rating and issued a GBX 620 ($8.03) price target on shares of Dunelm Group plc in a research note on Wednesday, July 5th. Citigroup Inc. restated a “neutral” rating and issued a GBX 640 ($8.29) price target on shares of Dunelm Group plc in a research note on Wednesday, March 15th. Finally, J P Morgan Chase & Co reduced their price target on Dunelm Group plc from GBX 890 ($11.53) to GBX 760 ($9.84) and set an “overweight” rating for the company in a research note on Friday, March 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 677.20 ($8.77).
Shares of Dunelm Group plc (DNLM) traded down 6.21% on Monday, hitting GBX 581.50. The company had a trading volume of 537,699 shares. Dunelm Group plc has a 12-month low of GBX 578.50 and a 12-month high of GBX 943.00. The firm has a 50-day moving average price of GBX 616.70 and a 200 day moving average price of GBX 659.50. The company’s market capitalization is GBX 1.17 billion.
About Dunelm Group plc
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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