Debenhams Plc (DEB) Stock Rating Reaffirmed by HSBC Holdings plc
Debenhams Plc (LON:DEB)‘s stock had its “reduce” rating reiterated by stock analysts at HSBC Holdings plc in a research note issued to investors on Friday. They presently have a GBX 38 ($0.50) price objective on the stock. HSBC Holdings plc’s price target would suggest a potential downside of 11.11% from the company’s current price.
Several other research firms have also commented on DEB. Goldman Sachs Group, Inc. (The) reduced their price target on Debenhams Plc from GBX 51 ($0.67) to GBX 44 ($0.57) and set a “sell” rating on the stock in a research report on Thursday, June 29th. Deutsche Bank AG raised Debenhams Plc to a “hold” rating and reduced their price target for the stock from GBX 52 ($0.68) to GBX 50 ($0.65) in a research report on Friday, April 21st. Canaccord Genuity reissued a “hold” rating and set a GBX 60 ($0.78) price target on shares of Debenhams Plc in a research report on Thursday, April 20th. Jefferies Group LLC reissued a “hold” rating and set a GBX 50 ($0.65) price target on shares of Debenhams Plc in a research report on Wednesday, April 26th. Finally, Peel Hunt reduced their price target 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. Five 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. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 47.86 ($0.62).
Shares of Debenhams Plc (LON DEB) traded down 1.16% during mid-day trading on Friday, reaching GBX 42.75. 1,098,829 shares of the company traded hands. The company’s market capitalization is GBX 524.58 million. Debenhams Plc has a 52-week low of GBX 42.25 and a 52-week high of GBX 64.25. The firm’s 50 day moving average price is GBX 44.80 and its 200-day moving average price is GBX 50.94.
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In related news, insider Ian Cheshire acquired 50,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of GBX 50 ($0.65) per share, for a total transaction of £25,000 ($32,645.60).
Debenhams Plc Company Profile
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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