Dunelm Group plc (DNLM) Given “Hold” Rating at Deutsche Bank AG
Dunelm Group plc (LON:DNLM)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a note issued to investors on Thursday. They presently have a GBX 630 ($8.14) target price on the stock. Deutsche Bank AG’s target price indicates a potential downside of 3.08% from the company’s previous close.
DNLM has been the topic of a number of other research reports. HSBC Holdings plc lowered shares of Dunelm Group plc to a “hold” rating and decreased their price target for the company from GBX 800 ($10.33) to GBX 640 ($8.27) in a research note on Wednesday, May 17th. Peel Hunt reiterated a “hold” rating and issued a GBX 620 ($8.01) price target on shares of Dunelm Group plc in a research note on Wednesday, July 5th. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 515 ($6.65) price target on shares of Dunelm Group plc in a research note on Wednesday, July 5th. Canaccord Genuity decreased their price target on shares of Dunelm Group plc from GBX 798 ($10.31) to GBX 752 ($9.71) and set a “buy” rating on the stock in a research note on Monday, July 10th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 760 ($9.82) price target on shares of Dunelm Group plc in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Dunelm Group plc has a consensus rating of “Hold” and a consensus target price of GBX 694.27 ($8.97).
Shares of Dunelm Group plc (LON DNLM) traded down 0.31% during midday trading on Thursday, hitting GBX 650.00. The stock had a trading volume of 461,262 shares. Dunelm Group plc has a 1-year low of GBX 541.50 and a 1-year high of GBX 898.00. The company’s 50 day moving average price is GBX 619.34 and its 200-day moving average price is GBX 616.83. The firm’s market capitalization is GBX 1.31 billion.
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In related news, insider John Browett acquired 9,098 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was acquired at an average price of GBX 547 ($7.06) per share, with a total value of £49,766.06 ($64,272.32). Also, insider Simon Emeny acquired 2,685 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of GBX 556 ($7.18) per share, with a total value of £14,928.60 ($19,280.12). In the last three months, insiders purchased 14,783 shares of company stock valued at $8,146,466.
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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