Debenhams Plc (LON:DEB) Given Average Recommendation of “Hold” by Brokerages
Shares of Debenhams Plc (LON:DEB) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 47.86 ($0.62).
A number of research firms have issued reports on DEB. Peel Hunt reduced their target price on shares of Debenhams Plc from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “hold” rating on the stock in a report on Thursday, April 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 60 ($0.78) target price on shares of Debenhams Plc in a report on Thursday, April 20th. Canaccord Genuity reiterated a “hold” rating and set a GBX 60 ($0.78) target price on shares of Debenhams Plc in a report on Thursday, April 20th. Liberum Capital reiterated a “hold” rating and set a GBX 58 ($0.76) target price on shares of Debenhams Plc in a report on Wednesday, April 19th. Finally, HSBC Holdings plc downgraded shares of Debenhams Plc to a “reduce” rating and set a GBX 50 ($0.65) price objective on the stock. in a research report on Wednesday, April 19th.
In other news, insider Ian Cheshire bought 50,000 shares of Debenhams Plc stock in a transaction dated Monday, May 15th. The stock was bought at an average price of GBX 50 ($0.65) per share, for a total transaction of £25,000 ($32,645.60).
Shares of Debenhams Plc (LON DEB) traded down 3.51% during trading on Monday, reaching GBX 41.25. 1,599,509 shares of the company traded hands. The firm’s 50 day moving average price is GBX 44.80 and its 200-day moving average price is GBX 50.94. The company’s market capitalization is GBX 506.18 million. Debenhams Plc has a 52 week low of GBX 40.50 and a 52 week high of GBX 64.25.
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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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