Shore Capital Issues Pessimistic Forecast for Dunelm Group (LON:DNLM) Stock Price

Dunelm Group (LON:DNLM) had its price objective dropped by equities researchers at Shore Capital from GBX 1,300 to GBX 1,200 in a research report issued on Tuesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Shore Capital’s price target would indicate a potential upside of 27.59% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft cut their target price on Dunelm Group from GBX 1,360 to GBX 1,200 and set a “buy” rating for the company in a research note on Friday, January 16th. Berenberg Bank decreased their price target on Dunelm Group from GBX 1,480 to GBX 1,425 and set a “buy” rating on the stock in a research note on Friday, January 16th. Royal Bank Of Canada raised Dunelm Group to an “outperform” rating and boosted their price target for the stock from GBX 1,200 to GBX 1,300 in a report on Monday, November 3rd. Finally, Panmure Gordon reduced their price objective on Dunelm Group from GBX 995 to GBX 830 and set a “sell” rating on the stock in a research note on Monday, January 19th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dunelm Group has an average rating of “Moderate Buy” and a consensus target price of GBX 1,216.67.

Dunelm Group Trading Down 0.2%

DNLM opened at GBX 940.50 on Tuesday. The stock has a market capitalization of £1.90 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of -10.32 and a beta of 1.18. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. Dunelm Group has a twelve month low of GBX 836.61 and a twelve month high of GBX 1,249. The company has a 50-day simple moving average of GBX 1,082.97 and a 200 day simple moving average of GBX 1,127.85.

Insider Buying and Selling

In other news, insider Karen Witts bought 10,790 shares of the stock in a transaction on Monday, December 1st. The stock was acquired at an average price of GBX 1,104 per share, with a total value of £119,121.60. Also, insider Luisa Wright sold 2,257 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of GBX 1,121, for a total value of £25,300.97. Insiders have bought 17,790 shares of company stock worth $20,056,160 in the last 90 days. Insiders own 34.16% of the company’s stock.

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.