Dunelm Group plc (LON:DNLM) Given Average Rating of “Moderate Buy” by Analysts

Dunelm Group plc (LON:DNLM) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 1,397.13.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Dunelm Group to an “outperform” rating and lifted their target price for the stock from GBX 1,200 to GBX 1,300 in a research note on Monday, November 3rd. UBS Group reaffirmed a “buy” rating and issued a GBX 1,360 price objective on shares of Dunelm Group in a report on Friday, October 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,480 price target on shares of Dunelm Group in a report on Tuesday, September 9th. JPMorgan Chase & Co. boosted their price objective on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group raised their target price on shares of Dunelm Group from GBX 1,755 to GBX 1,817 and gave the company a “hold” rating in a research note on Tuesday, October 28th.

Insider Activity at Dunelm Group

In related news, insider Daniel Taylor acquired 4,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of GBX 1,163 per share, for a total transaction of £46,520. Also, insider Clodagh Moriarty sold 51,119 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of GBX 1,148, for a total transaction of £586,846.12. In the last 90 days, insiders have bought 17,790 shares of company stock worth $20,056,160 and have sold 61,854 shares worth $70,913,541. 34.16% of the stock is currently owned by corporate insiders.

Dunelm Group Trading Up 0.9%

Shares of Dunelm Group stock opened at GBX 1,122 on Monday. Dunelm Group has a 52-week low of GBX 836.61 and a 52-week high of GBX 1,249. The stock’s 50-day simple moving average is GBX 1,116.88 and its 200 day simple moving average is GBX 1,144.71. The stock has a market capitalization of £2.26 billion, a P/E ratio of 14.61, a P/E/G ratio of -10.32 and a beta of 1.18. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04.

About Dunelm Group

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.