David Adams Buys 75,000 Shares of Debenhams Plc (DEB) Stock

Debenhams Plc (LON:DEB) insider David Adams purchased 75,000 shares of Debenhams stock in a transaction that occurred on Tuesday, January 16th. The shares were bought at an average cost of GBX 31 ($0.42) per share, for a total transaction of £23,250 ($31,529.70).

Debenhams Plc (LON:DEB) opened at GBX 29.94 ($0.41) on Wednesday. Debenhams Plc has a 12 month low of GBX 27.10 ($0.37) and a 12 month high of GBX 56.06 ($0.76). The company has a market capitalization of $367.61 and a price-to-earnings ratio of 748.50.

The company also recently declared a dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, December 7th will be paid a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 5.71%. This is a boost from Debenhams’s previous dividend of $1.03. The ex-dividend date of this dividend is Thursday, December 7th.

DEB has been the topic of a number of analyst reports. Peel Hunt reissued a “hold” rating and set a GBX 55 ($0.75) price target on shares of Debenhams in a research report on Tuesday, September 19th. Deutsche Bank cut 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 research note on Friday, December 8th. Citigroup restated a “neutral” rating and set a GBX 30 ($0.41) target price on shares of Debenhams in a research note on Friday, January 5th. Investec cut 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 research note on Friday, January 5th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 38 ($0.52) target price on shares of Debenhams in a research note on Friday, October 27th. Six analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of GBX 34.23 ($0.46).

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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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