Debenhams Plc (DEB) Receives Average Rating of “Hold” from Brokerages

Shares of Debenhams Plc (LON:DEB) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 34.23 ($0.48).

A number of brokerages recently commented on DEB. Peel Hunt reissued a “hold” rating and set a GBX 45 ($0.63) price target on shares of Debenhams in a research note on Wednesday, December 20th. Deutsche Bank dropped their price target on Debenhams from GBX 45 ($0.63) to GBX 42 ($0.59) and set a “hold” rating for the company in a research note on Friday, December 8th. Jefferies Group reissued a “hold” rating and set a GBX 47 ($0.66) price target on shares of Debenhams in a research note on Tuesday, January 2nd. Citigroup reissued a “neutral” rating and set a GBX 30 ($0.42) price target on shares of Debenhams in a research note on Friday, January 5th. Finally, Investec dropped their price target on Debenhams from GBX 34 ($0.48) to GBX 28 ($0.39) and set a “hold” rating for the company in a research note on Friday, January 5th.

In related news, insider David Adams acquired 75,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were acquired at an average cost of GBX 31 ($0.43) per share, for a total transaction of £23,250 ($32,599.55). Also, insider Sergio Bucher acquired 169,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were bought at an average price of GBX 30 ($0.42) per share, for a total transaction of £50,700 ($71,088.05). Over the last 90 days, insiders have acquired 419,000 shares of company stock worth $12,470,000.

Debenhams (LON:DEB) opened at GBX 29.46 ($0.41) on Friday. The firm has a market capitalization of $361.72 and a PE ratio of 736.50. Debenhams has a one year low of GBX 26.06 ($0.37) and a one year high of GBX 56.06 ($0.79).

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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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