Debenhams Plc (DEB) Stock Rating Reaffirmed by Peel Hunt

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Debenhams Plc (LON:DEB)‘s stock had its “hold” rating reiterated by investment analysts at Peel Hunt in a report released on Tuesday. They presently have a GBX 80 ($1.07) target price on the stock. Peel Hunt’s price target points to a potential upside of 31.26% from the company’s previous close.
Several other brokerages have also recently issued reports on DEB. Deutsche Bank AG reissued a “hold” rating on shares of Debenhams Plc in a research note on Wednesday, May 11th. Beaufort Securities restated a “hold” rating on shares of Debenhams Plc in a report on Thursday, June 23rd. Jefferies Group restated a “hold” rating and set a GBX 75 ($1.00) target price on shares of Debenhams Plc in a report on Thursday, June 23rd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Debenhams Plc in a report on Thursday, June 23rd. Finally, Goldman Sachs Group lowered their target price on Debenhams Plc from GBX 80 ($1.07) to GBX 70 ($0.93) and set a “sell” rating for the company in a report on Thursday, June 23rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Debenhams Plc presently has a consensus rating of “Hold” and a consensus target price of GBX 72.08 ($0.96).
In other Debenhams Plc news, insider Cheshire,Ian bought 50,000 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were purchased at an average cost of GBX 69 ($0.92) per share, for a total transaction of £34,500 ($45,950.99). Also, insider Duddy,Terry bought 100,000 shares of the company’s stock in a transaction dated Thursday, July 7th. The shares were acquired at an average price of GBX 53 ($0.71) per share, for a total transaction of £53,000 ($70,591.37).

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Shares of Debenhams Plc (LON:DEB) opened at 60.95 on Tuesday. The company’s market cap is GBX 747.98 million. The company has a 50 day moving average price of GBX 58.62 and a 200 day moving average price of GBX 68.94. Debenhams Plc has a one year low of GBX 51.25 and a one year high of GBX 90.00.
Debenhams plc is a United Kingdom-based multi-channel company. The Company brand trades through approximately 240 stores in 28 countries. It is available online in more than 70 countries. It owns and operates 172 stores in the United Kingdom, Republic of Ireland and Denmark. Its product portfolio includes women’s wear, menswear, children’s wear, and health and beauty products.

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