Dunelm Group plc (DNLM) Earns Hold Rating from HSBC Holdings plc
Dunelm Group plc (LON:DNLM)‘s stock had its “hold” rating reiterated by investment analysts at HSBC Holdings plc in a report issued on Friday. They currently have a GBX 600 ($7.83) price target on the stock. HSBC Holdings plc’s price target indicates a potential upside of 2.39% from the stock’s previous close.
DNLM has been the subject of a number of other reports. Canaccord Genuity dropped their price target on Dunelm Group plc from GBX 798 ($10.42) to GBX 752 ($9.82) and set a “buy” rating for the company in a report on Monday, July 10th. Barclays PLC assumed coverage on Dunelm Group plc in a report on Thursday, March 30th. They set an “overweight” rating and a GBX 730 ($9.53) price target for the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 760 ($9.92) price target on shares of Dunelm Group plc in a report on Monday, July 10th. Deutsche Bank AG dropped their price target on Dunelm Group plc from GBX 730 ($9.53) to GBX 665 ($8.68) and set a “hold” rating for the company in a report on Monday, July 10th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 620 ($8.10) price target on shares of Dunelm Group plc in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 698.36 ($9.12).
Dunelm Group plc (LON:DNLM) traded down 0.51% on Friday, hitting GBX 586.00. The stock had a trading volume of 132,734 shares. Dunelm Group plc has a 1-year low of GBX 541.50 and a 1-year high of GBX 943.00. The firm’s market cap is GBX 1.18 billion. The firm’s 50-day moving average price is GBX 600.00 and its 200-day moving average price is GBX 636.85.
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In related news, insider John Browett acquired 9,098 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was acquired at an average cost of GBX 547 ($7.14) per share, with a total value of £49,766.06 ($64,985.71). Also, insider William Reeve acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were bought at an average cost of GBX 559 ($7.30) per share, with a total value of £16,770 ($21,898.67). Insiders bought a total of 14,783 shares of company stock valued at $8,146,466 over the last three months.
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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