HSBC Reiterates Buy Rating for Dunelm Group plc (DNLM)
Dunelm Group plc (LON:DNLM)‘s stock had its “buy” rating reaffirmed by equities researchers at HSBC in a report released on Tuesday. They currently have a GBX 1,050 ($13.03) price objective on the stock. HSBC’s target price would indicate a potential upside of 41.09% from the company’s current price.
A number of other equities analysts have also commented on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,000 ($12.41) price target on shares of Dunelm Group plc in a report on Thursday, October 6th. Canaccord Genuity raised Dunelm Group plc to a “buy” rating and cut their price target for the stock from GBX 920 ($11.41) to GBX 875 ($10.85) in a report on Thursday, October 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 890 ($11.04) price target on shares of Dunelm Group plc in a report on Thursday, October 27th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 800 ($9.92) price target on shares of Dunelm Group plc in a report on Monday, September 19th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 1,000 ($12.41) price target on shares of Dunelm Group plc in a report on Thursday, September 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 896.67 ($11.12).
Dunelm Group plc (LON:DNLM) opened at 749.1609 on Tuesday. The firm’s market cap is GBX 1.51 billion. Dunelm Group plc has a one year low of GBX 724.00 and a one year high of GBX 1,023.00. The firm has a 50-day moving average price of GBX 766.06 and a 200-day moving average price of GBX 852.61.
The company also recently declared a dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 3rd were given a dividend of GBX 19.10 ($0.24) per share. The ex-dividend date was Thursday, November 3rd. This represents a yield of 2.14%.
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In other news, insider William Reeve purchased 2,500 shares of the stock in a transaction on Thursday, October 6th. The shares were acquired at an average price of GBX 823 ($10.21) per share, for a total transaction of £20,575 ($25,524.13).
Dunelm Group plc Company Profile
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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