Published On: Fri, Sep 23rd, 2016

Dunelm Group plc (DNLM) Receives New Coverage from Analysts at HSBC

Equities researchers at HSBC initiated coverage on shares of Dunelm Group plc (LON:DNLM) in a research note issued on Thursday. The firm set a “buy” rating and a GBX 1,000 ($13.05) price target on the stock. HSBC’s price objective points to a potential upside of 14.42% from the stock’s previous close.
A number of other equities research analysts have also issued reports on DNLM. Jefferies Group reduced their price target on Dunelm Group plc from GBX 845 ($11.03) to GBX 700 ($9.14) and set a “hold” rating on the stock in a research report on Tuesday, July 5th. JPMorgan Chase & Co. cut their target price on Dunelm Group plc from GBX 1,000 ($13.05) to GBX 890 ($11.62) and set an “overweight” rating on the stock in a research report on Tuesday, July 5th. Peel Hunt cut their target price on Dunelm Group plc from GBX 1,000 ($13.05) to GBX 900 ($11.75) and set an “add” rating on the stock in a research report on Thursday, July 7th. Canaccord Genuity reissued a “buy” rating and set a GBX 875 ($11.42) target price on shares of Dunelm Group plc in a research report on Thursday, July 7th. Finally, Royal Bank Of Canada lowered Dunelm Group plc to a ” underperform” rating and cut their target price for the stock from GBX 900 ($11.75) to GBX 800 ($10.44) in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 893.33 ($11.66).

Shares of Dunelm Group plc (LON:DNLM) traded up 1.10% during mid-day trading on Thursday, reaching GBX 874.00. The company had a trading volume of 302,606 shares. The stock’s 50-day moving average price is GBX 893.93 and its 200 day moving average price is GBX 896.08. Dunelm Group plc has a 1-year low of GBX 724.00 and a 1-year high of GBX 1,023.00. The company’s market capitalization is GBX 1.77 billion.

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The business also recently announced a dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 3rd will be paid a GBX 19.10 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a dividend yield of 2.14%.
In related news, insider Down,Keith bought 5,629 shares of the stock in a transaction on Friday, August 5th. The shares were bought at an average cost of GBX 865 ($11.29) per share, for a total transaction of £48,690.85 ($63,556.78). Also, insider Browett,John bought 4,534 shares of the stock in a transaction on Tuesday, August 2nd. The stock was bought at an average price of GBX 860 ($11.23) per share, for a total transaction of £38,992.40 ($50,897.27).
About Dunelm Group plc
Dunelm Group plc is a United Kingdom-based homewares retailer. The Company operates through retail of homewares in the United Kingdom segment. The Company’s business operates through approximately 150 out-of-town superstores and around six high streets, and provides further multi-channel convenience through online, mobile, catalogue, telephone ordering, and reserve and collect propositions.

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