Debenhams Capital (LON:DEBS) Shares Up 20.2% – Still a Buy?

Debenhams Capital PLC (LON:DEBS)’s share price was up 20.2% on Thursday . The stock traded as high as GBX 26 and last traded at GBX 25.55. Approximately 15,195,212 shares were traded during trading, an increase of 308% from the average session volume of 3,725,064 shares. The stock had previously closed at GBX 21.25.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “buy” rating and set a GBX 35 price objective on shares of Debenhams Capital in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 27.50.

Debenhams Capital Stock Down 1.2%

The company has a fifty day simple moving average of GBX 22.23 and a two-hundred day simple moving average of GBX 20.45. The stock has a market capitalization of £397.18 million and a P/E ratio of -3.26.

Debenhams Capital (LON:DEBS) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX (2.36) earnings per share (EPS) for the quarter. The business had revenue of £917 million during the quarter.

About Debenhams Capital

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.

Almost half of our products are designed and sourced in the UK and distributed globally from our international distribution centres based in the North of England.