Debenhams (LON:DEB) had its price target decreased by equities research analysts at Investec from GBX 34 ($0.45) to GBX 28 ($0.37) in a research report issued on Friday. The brokerage presently has a “hold” rating on the stock. Investec’s price objective indicates a potential downside of 3.18% from the company’s previous close.

Several other equities analysts have also weighed in on DEB. Deutsche Bank restated a “hold” rating and set a GBX 45 ($0.60) price objective on shares of Debenhams in a research report on Friday, September 8th. Peel Hunt restated a “hold” rating and set a GBX 55 ($0.74) price objective on shares of Debenhams in a research report on Tuesday, September 19th. Liberum Capital restated a “hold” rating and set a GBX 58 ($0.78) price objective on shares of Debenhams in a research report on Thursday, October 26th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 38 ($0.51) price objective on shares of Debenhams in a research report on Friday, October 27th. Finally, Jefferies Group restated a “hold” rating and set a GBX 47 ($0.63) price objective on shares of Debenhams in a research report on Friday, October 27th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Debenhams currently has a consensus rating of “Hold” and an average target price of GBX 36.79 ($0.49).

Shares of Debenhams (DEB) traded down GBX 1.42 ($0.02) on Friday, reaching GBX 28.92 ($0.39). 16,746,277 shares of the company were exchanged, compared to its average volume of 4,710,000. The company has a market cap of $355.09 and a price-to-earnings ratio of 723.00. Debenhams has a 12-month low of GBX 27.10 ($0.36) and a 12-month high of GBX 59.01 ($0.79).

In related news, insider Ian Cheshire purchased 175,000 shares of Debenhams stock in a transaction dated Friday, January 5th. The stock was acquired at an average cost of GBX 29 ($0.39) per share, with a total value of £50,750 ($67,856.67).

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About Debenhams

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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