Debenhams (LON:DEB) had its price objective cut by equities research analysts at Berenberg Bank from GBX 37 ($0.49) to GBX 19 ($0.25) in a note issued to investors on Friday. The brokerage presently has a “sell” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 34.30% from the stock’s current price.

Several other equities analysts have also issued reports on DEB. Citigroup restated a “neutral” rating and set a GBX 30 ($0.40) target price on shares of Debenhams in a research report on Friday. Peel Hunt lowered Debenhams to a “sell” rating and set a GBX 55 ($0.74) target price for the company. in a research report on Thursday. Numis Securities restated a “hold” rating and set a GBX 30 ($0.40) target price on shares of Debenhams in a research report on Thursday. Deutsche Bank decreased their target price on Debenhams from GBX 37 ($0.49) to GBX 33 ($0.44) and set a “hold” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on Debenhams from GBX 38 ($0.51) to GBX 26 ($0.35) and set an “underweight” rating for the company in a research report on Friday. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 36.79 ($0.49).

Debenhams (DEB) traded down GBX 1.42 ($0.02) during trading on Friday, hitting GBX 28.92 ($0.39). The stock had a trading volume of 16,746,277 shares, compared to its average volume of 4,710,000. The firm has a market cap of $355.09 and a price-to-earnings ratio of 723.00. Debenhams has a 52 week low of GBX 27.10 ($0.36) and a 52 week high of GBX 59.01 ($0.79).

In other news, insider Ian Cheshire bought 175,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £50,750 ($67,856.67).

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Debenhams Company Profile

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.

Analyst Recommendations for Debenhams (LON:DEB)

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