Dunelm Group (DNLM) Raised to Buy at Peel Hunt
Peel Hunt upgraded shares of Dunelm Group (LON:DNLM) to a buy rating in a report released on Tuesday morning. The brokerage currently has GBX 750 ($9.80) target price on the stock, up from their previous target price of GBX 550 ($7.19).
Several other research firms also recently issued reports on DNLM. Numis Securities reaffirmed an add rating and set a GBX 675 ($8.82) price objective on shares of Dunelm Group in a report on Wednesday, October 17th. Royal Bank of Canada dropped their target price on shares of Dunelm Group from GBX 560 ($7.32) to GBX 525 ($6.86) and set an underperform rating for the company in a research report on Tuesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Dunelm Group from GBX 590 ($7.71) to GBX 600 ($7.84) and gave the company a neutral rating in a research report on Friday, October 12th. Finally, UBS Group dropped their target price on shares of Dunelm Group from GBX 640 ($8.36) to GBX 600 ($7.84) and set a buy rating for the company in a research report on Thursday, September 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 596.67 ($7.80).
LON:DNLM opened at GBX 633.55 ($8.28) on Tuesday. Dunelm Group has a 52-week low of GBX 541.50 ($7.08) and a 52-week high of GBX 760 ($9.93).
In other Dunelm Group news, insider Laura Carr sold 25,000 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of GBX 553 ($7.23), for a total transaction of £138,250 ($180,648.11).
Dunelm Group Company Profile
Dunelm Group plc engages in the retail of homewares in the United Kingdom. The company offers furniture for bedroom, living room, dining room, and office; sofas and chairs; bed frames, mattresses, beds, and headboards, as well as kids beds; and bedding products, such as bed linens, duvets, pillows, protectors, and baby and kids beddings.
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