Published On: Sun, Sep 18th, 2016

Royal Bank Of Canada Reaffirms Outperform Rating for Debenhams Plc (DEB)

Debenhams Plc (LON:DEB)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research note issued on Monday.
A number of other research analysts have also recently commented on DEB. Goldman Sachs Group Inc. boosted their target price on shares of Debenhams Plc from GBX 83 ($1.11) to GBX 86 ($1.15) and gave the stock a “sell” rating in a research report on Tuesday, April 19th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 75 ($1.00) price target on shares of Debenhams Plc in a report on Friday, April 15th. Jefferies Group cut their price target on shares of Debenhams Plc from GBX 75 ($1.00) to GBX 55 ($0.73) and set a “hold” rating on the stock in a report on Tuesday, July 5th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Debenhams Plc in a report on Thursday, April 14th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 73 ($0.97) price target on shares of Debenhams Plc in a report on Thursday, April 14th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 70.33 ($0.94).
Shares of Debenhams Plc (LON:DEB) opened at 57.45 on Monday. Debenhams Plc has a 1-year low of GBX 51.25 and a 1-year high of GBX 90.00. The firm’s market cap is GBX 705.03 million. The stock has a 50 day moving average of GBX 59.53 and a 200 day moving average of GBX 67.94.

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In other Debenhams Plc news, insider Duddy,Terry purchased 100,000 shares of the business’s stock in a transaction on Thursday, July 7th. The stock was bought at an average cost of GBX 53 ($0.71) per share, with a total value of £53,000 ($70,591.37). Also, insider Cheshire,Ian purchased 50,000 shares of the business’s stock in a transaction on Thursday, June 23rd. The stock was acquired at an average cost of GBX 69 ($0.92) per share, with a total value of £34,500 ($45,950.99).
Debenhams Plc Company Profile
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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