Debenhams Receives “buy” Rating from Societe Generale (DEB)
Shares of Debenhams opened at 82.80 on Tuesday. Debenhams has a one year low of GBX 70.66 and a one year high of GBX 124.80. The stock’s 50-day moving average is currently GBX 102.7. The company’s market cap is £1.045 billion.
A number of other firms have also recently commented on DEB. Analysts at Deutsche Bank upgraded shares of Debenhams to a “buy” rating in a research note to investors on Wednesday, March 6th. They now have a $1.50 price target on the stock, down previously from $1.80. Separately, analysts at JPMorgan Chase downgraded shares of Debenhams to a “neutral” rating in a research note to investors on Wednesday, March 6th. They now have a $1.43 price target on the stock, down previously from $2.06. Finally, analysts at Morgan Stanley cut their price target on shares of Debenhams from $1.65 to $1.35 in a research note to investors on Wednesday, March 6th. They now have an “equal-weight” rating on the stock.
Debenhams plc is a United Kingdom-based holding company. The principal activities of the Company and its subsidiaries are the sale of fashion clothing and accessories, cosmetics and products for use in the home.
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