Debenhams Plc (LON:DEB) had its price objective cut by JPMorgan Chase & Co. from GBX 54 ($0.67) to GBX 50 ($0.62) in a research note issued to investors on Tuesday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 11.82% from the stock’s previous close.
A number of other research analysts have also recently issued reports on DEB. Liberum Capital reissued a “hold” rating and set a GBX 58 ($0.72) price target on shares of Debenhams Plc in a research report on Thursday, October 27th. Royal Bank Of Canada reissued a “sector performer” rating and set a GBX 62 ($0.77) price target on shares of Debenhams Plc in a research report on Monday, November 7th. Peel Hunt lowered their price target on shares of Debenhams Plc from GBX 100 ($1.25) to GBX 70 ($0.87) and set a “hold” rating for the company in a research report on Thursday, October 27th. Deutsche Bank AG reissued a “hold” rating on shares of Debenhams Plc in a research report on Wednesday, August 31st. Finally, Haitong Bank reissued a “buy” rating and set a GBX 70 ($0.87) price target on shares of Debenhams Plc in a research report on Thursday, October 27th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 66.80 ($0.83).
Debenhams Plc (LON:DEB) traded down 0.26% on Tuesday, hitting GBX 56.70. 1,427,831 shares of the stock were exchanged. The stock’s market cap is GBX 696.05 million. The company has a 50-day moving average of GBX 55.80 and a 200-day moving average of GBX 60.76. Debenhams Plc has a 12 month low of GBX 51.25 and a 12 month high of GBX 85.90.
The company also recently declared a dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Thursday, December 8th will be given a GBX 2.40 ($0.03) dividend. This is a positive change from Debenhams Plc’s previous dividend of $1.03. This represents a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, December 8th.
In other news, insider Matt Smith purchased 44,465 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average cost of GBX 56 ($0.70) per share, for a total transaction of £24,900.40 ($31,109.95).