Societe Generale Upgrades Debenhams to Buy (DEB)
Debenhams (LON: DEB) was upgraded by equities researchers at Societe Generale to a “buy” rating in a report issued on Friday. The firm currently has a $2.14 (133 GBX) target price on the stock.
Shares of Debenhams opened at 118.50 on Friday. Debenhams has a one year low of GBX 55.50 and a one year high of GBX 112.80. The company’s market cap is £1.524 billion.
DEB has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Debenhams in a research note to investors on Thursday. They now have a $2.00 price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Debenhams in a research note to investors on Monday. They now have a $1.95 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Debenhams in a research note to investors on Monday, October 15th. They now have a $1.77 price target on the stock.
Debenhams plc is a United Kingdom-based company. It is a department store with product categories, including women’s wear, menswear, children’s swear, home and, health and beauty.
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