Debenhams (DEB) Price Target Lowered to GBX 28 at Investec

Debenhams (LON:DEB) had its target price decreased by equities researchers at Investec from GBX 34 ($0.45) to GBX 28 ($0.37) in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Investec’s price objective would indicate a potential downside of 3.18% from the company’s previous close.

A number of other brokerages have also issued reports on DEB. Peel Hunt restated a “hold” rating and set a GBX 55 ($0.74) target price on shares of Debenhams in a research report on Tuesday, September 19th. Jefferies Group reiterated a “hold” rating and set a GBX 47 ($0.63) price target on shares of Debenhams in a research report on Friday, October 27th. Citigroup reiterated a “neutral” rating and set a GBX 30 ($0.40) price target on shares of Debenhams in a research report on Friday. Deutsche Bank reiterated a “hold” rating and set a GBX 45 ($0.60) price target on shares of Debenhams in a research report on Friday, September 8th. Finally, Berenberg Bank reduced their price target on shares of Debenhams from GBX 37 ($0.49) to GBX 19 ($0.25) and set a “sell” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 36.79 ($0.49).

Shares of Debenhams (LON:DEB) traded down GBX 1.42 ($0.02) during trading hours on Friday, hitting GBX 28.92 ($0.39). 16,746,277 shares of the company’s stock were exchanged, compared to its average volume of 4,710,000. Debenhams has a 1 year low of GBX 27.10 ($0.36) and a 1 year high of GBX 59.01 ($0.79). The firm has a market cap of $355.09 and a price-to-earnings ratio of 723.00.

In related news, insider Ian Cheshire acquired 175,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was acquired at an average price of GBX 29 ($0.39) per share, with a total value of £50,750 ($67,856.67).

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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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