Debenhams Plc (DEB) Receives Average Rating of “Hold” from Analysts
Shares of Debenhams Plc (LON:DEB) have earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 35 ($0.47).
A number of analysts have recently issued reports on DEB shares. Peel Hunt restated a “hold” rating and issued a GBX 55 ($0.75) target price on shares of Debenhams in a report on Tuesday, September 19th. Deutsche Bank reduced their target price on Debenhams from GBX 45 ($0.61) to GBX 42 ($0.57) and set a “hold” rating for the company in a report on Friday, December 8th. Citigroup restated a “neutral” rating and issued a GBX 30 ($0.41) target price on shares of Debenhams in a report on Friday, January 5th. Investec reduced their target price on Debenhams from GBX 34 ($0.46) to GBX 28 ($0.38) and set a “hold” rating for the company in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 38 ($0.52) target price on shares of Debenhams in a report on Friday, October 27th.
In related news, insider Ian Cheshire bought 175,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were bought at an average cost of GBX 29 ($0.39) per share, for a total transaction of £50,750 ($68,822.89). Also, insider Sergio Bucher bought 169,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were bought at an average price of GBX 30 ($0.41) per share, for a total transaction of £50,700 ($68,755.09).
The company also recently disclosed a dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, December 7th will be issued a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 5.71%. This is a positive change from Debenhams’s previous dividend of $1.03. The ex-dividend date of this dividend is Thursday, December 7th.
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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.
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