Brokerages Set Debenhams Plc (DEB) Price Target at $34.23
Debenhams Plc (LON:DEB) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 34.23 ($0.47).
Several brokerages have recently issued reports on DEB. Deutsche Bank restated a “hold” rating and issued a GBX 45 ($0.62) price objective on shares of Debenhams in a research note on Tuesday, October 24th. Numis Securities reaffirmed a “hold” rating and set a GBX 45 ($0.62) target price on shares of Debenhams in a report on Monday, October 30th. Liberum Capital reaffirmed a “hold” rating and set a GBX 58 ($0.80) target price on shares of Debenhams in a report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and set a GBX 47 ($0.65) target price on shares of Debenhams in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 38 ($0.53) target price on shares of Debenhams in a report on Friday, October 27th.
In other Debenhams news, insider David Adams acquired 75,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were bought at an average cost of GBX 31 ($0.43) per share, with a total value of £23,250 ($32,122.13). Also, insider Ian Cheshire acquired 175,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was acquired at an average cost of GBX 29 ($0.40) per share, for a total transaction of £50,750 ($70,116.05). Over the last ninety days, insiders have purchased 419,000 shares of company stock worth $12,470,000.
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.
Receive News & Ratings for Debenhams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Debenhams and related companies with MarketBeat.com's FREE daily email newsletter.