Debenhams (DEB) Stock Rating Reaffirmed by Royal Bank of Canada

Debenhams (LON:DEB)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank of Canada in a research note issued on Thursday. They presently have a GBX 12 ($0.16) price objective on the stock. Royal Bank of Canada’s price target indicates a potential upside of 143.88% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Peel Hunt reaffirmed a “sell” rating and issued a GBX 12 ($0.16) target price on shares of Debenhams in a report on Tuesday, September 25th. Liberum Capital reaffirmed a “sell” rating on shares of Debenhams in a report on Wednesday, September 26th. Finally, JPMorgan Chase & Co. lowered their target price on Debenhams from GBX 26 ($0.34) to GBX 18 ($0.24) and set an “underweight” rating for the company in a report on Friday, October 26th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 17.11 ($0.22).

Shares of DEB stock traded down GBX 0.72 ($0.01) on Thursday, hitting GBX 4.92 ($0.06). 29,189,275 shares of the company’s stock were exchanged, compared to its average volume of 3,850,000. Debenhams has a 12 month low of GBX 25.46 ($0.33) and a 12 month high of GBX 55.60 ($0.73).

In other news, insider Sergio Bucher purchased 1,192,819 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of GBX 8 ($0.10) per share, for a total transaction of £95,425.52 ($124,690.34).

About Debenhams

Debenhams plc, through its subsidiaries, operates and franchises a range of department stores in the United Kingdom, the Republic of Ireland, Denmark, and internationally. It provides women's wear, men's wear, kids wear, and lingerie, as well as beauty, home, furniture, gift and toy, electrical, Christmas, and others products.

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Analyst Recommendations for Debenhams (LON:DEB)

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