J P Morgan Chase & Co Reiterates Overweight Rating for Dunelm Group plc (DNLM)
Dunelm Group plc (LON:DNLM)‘s stock had its “overweight” rating restated by equities researchers at J P Morgan Chase & Co in a research note issued to investors on Thursday. They currently have a GBX 760 ($9.82) price target on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 16.92% from the stock’s previous close.
Several other brokerages have also issued reports on DNLM. HSBC Holdings plc reissued a “hold” rating and issued a GBX 640 ($8.27) price target on shares of Dunelm Group plc in a report on Wednesday, June 7th. Peel Hunt reissued a “hold” rating and issued a GBX 620 ($8.01) price target on shares of Dunelm Group plc in a report on Wednesday, August 30th. Jefferies Group LLC reaffirmed an “underperform” rating and issued a GBX 515 ($6.65) price objective on shares of Dunelm Group plc in a research report on Wednesday, July 5th. N+1 Singer reaffirmed a “not rated” rating on shares of Dunelm Group plc in a research report on Wednesday. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 720 ($9.30) price objective on shares of Dunelm Group plc in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 694.27 ($8.97).
Dunelm Group plc (LON DNLM) traded down 0.31% during mid-day trading on Thursday, hitting GBX 650.00. The stock had a trading volume of 461,262 shares. The company has a 50-day moving average price of GBX 619.34 and a 200 day moving average price of GBX 616.83. Dunelm Group plc has a 1-year low of GBX 541.50 and a 1-year high of GBX 898.00. The company’s market cap is GBX 1.31 billion.
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In other news, insider William Reeve bought 3,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were bought at an average cost of GBX 559 ($7.22) per share, with a total value of £16,770 ($21,658.27). Also, insider John Browett bought 9,098 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was purchased at an average cost of GBX 547 ($7.06) per share, for a total transaction of £49,766.06 ($64,272.32). Over the last ninety days, insiders bought 14,783 shares of company stock worth $8,146,466.
About Dunelm Group plc
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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