Dunelm Group plc (LON:DNLM) Given Consensus Recommendation of “Hold” by Brokerages
Dunelm Group plc (LON:DNLM) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 698.36 ($9.10).
A number of equities analysts have recently commented on DNLM shares. HSBC Holdings plc lowered shares of Dunelm Group plc to a “hold” rating and reduced their target price for the stock from GBX 800 ($10.42) to GBX 640 ($8.34) in a research report on Wednesday, May 17th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 798 ($10.40) target price on shares of Dunelm Group plc in a research report on Wednesday, April 12th. Peel Hunt reduced their target price on shares of Dunelm Group plc from GBX 750 ($9.77) to GBX 620 ($8.08) and set a “hold” rating on the stock in a research report on Wednesday, April 12th. Deutsche Bank AG reduced their target price on shares of Dunelm Group plc from GBX 865 ($11.27) to GBX 730 ($9.51) and set a “hold” rating on the stock in a research report on Thursday, April 13th. Finally, J P Morgan Chase & Co cut their price objective on shares of Dunelm Group plc from GBX 890 ($11.59) to GBX 760 ($9.90) and set an “overweight” rating on the stock in a report on Friday, March 31st.
In related news, insider William Reeve acquired 3,000 shares of the stock in a transaction dated Friday, July 14th. The stock was acquired at an average cost of GBX 559 ($7.28) per share, for a total transaction of £16,770 ($21,847.32). Also, insider John Browett acquired 9,098 shares of the stock in a transaction dated Wednesday, July 12th. The shares were bought at an average price of GBX 547 ($7.13) per share, with a total value of £49,766.06 ($64,833.32). Over the last 90 days, insiders acquired 14,783 shares of company stock valued at $8,146,466.
Dunelm Group plc (DNLM) traded up 0.51% during mid-day trading on Tuesday, reaching GBX 586.50. The company’s stock had a trading volume of 178,016 shares. The firm’s 50 day moving average is GBX 600.00 and its 200-day moving average is GBX 636.85. Dunelm Group plc has a one year low of GBX 541.50 and a one year high of GBX 943.00. The stock’s market cap is GBX 1.18 billion.
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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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