Debenhams Plc (DEB) Given New GBX 51 Price Target at Goldman Sachs Group Inc.
Debenhams Plc (LON:DEB) had its price objective lifted by Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 51 ($0.63) in a research note released on Monday morning. The brokerage currently has a sell rating on the stock.
A number of other research firms have also recently weighed in on DEB. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 54 ($0.67) price objective on shares of Debenhams Plc in a research report on Thursday, October 27th. Liberum Capital reaffirmed a hold rating and set a GBX 58 ($0.72) price objective on shares of Debenhams Plc in a research report on Thursday, October 27th. Peel Hunt lowered their price objective on shares of Debenhams Plc from GBX 100 ($1.24) to GBX 70 ($0.87) and set a hold rating for the company in a research report on Thursday, October 27th. Haitong Bank reaffirmed a buy rating and set a GBX 70 ($0.87) price objective on shares of Debenhams Plc in a research report on Thursday, October 27th. Finally, Deutsche Bank AG reaffirmed a hold rating on shares of Debenhams Plc in a research report on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 65.53 ($0.81).
Debenhams Plc (LON:DEB) opened at 55.70 on Monday. Debenhams Plc has a 12 month low of GBX 51.25 and a 12 month high of GBX 85.90. The firm’s market capitalization is GBX 683.77 million. The stock’s 50 day moving average price is GBX 55.77 and its 200-day moving average price is GBX 60.43.
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The firm also recently disclosed a dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 2.40 ($0.03) per share. This is an increase from Debenhams Plc’s previous dividend of $1.03. This represents a yield of 4.34%. The ex-dividend date of this dividend is Thursday, December 8th.
In other Debenhams Plc news, insider Matt Smith acquired 44,465 shares of the stock in a transaction on Wednesday, November 9th. The shares were bought at an average cost of GBX 56 ($0.69) per share, with a total value of £24,900.40 ($30,889.96).
Debenhams Plc Company Profile
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.
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