Shore Capital Group Reiterates Buy Rating for Dunelm Group (LON:DNLM)

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital Group in a research note issued on Thursday, Marketbeat.com reports. They currently have a GBX 1,000 target price on the stock. Shore Capital Group’s target price would suggest a potential upside of 14.16% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Berenberg Bank decreased their target price on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating for the company in a report on Friday, April 17th. Canaccord Genuity Group cut their price target on shares of Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating on the stock in a report on Friday, April 17th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,075 price target on shares of Dunelm Group in a report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,177.22.

Dunelm Group Stock Performance

Shares of LON:DNLM opened at GBX 876 on Thursday. The business has a 50-day moving average of GBX 784.60 and a two-hundred day moving average of GBX 870.71. The firm has a market capitalization of £1.77 billion, a PE ratio of 11.92, a P/E/G ratio of -10.32 and a beta of 0.96. The company has a debt-to-equity ratio of 175.79, a current ratio of 0.83 and a quick ratio of 0.16. Dunelm Group has a 12 month low of GBX 707 and a 12 month high of GBX 1,249.

Insider Buying and Selling at Dunelm Group

In other news, insider Ajay Kavan bought 3,947 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of GBX 756 per share, for a total transaction of £29,839.32. Also, insider Alison Brittain purchased 12,500 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average cost of GBX 764 per share, with a total value of £95,500. 34.19% of the stock is currently owned by corporate insiders.

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.