The Haitong Bank Reiterates Buy Rating for Debenhams Plc (DEB)

The Haitong Bank Reiterates Buy Rating for Debenhams Plc (DEB)

Debenhams Plc (LON:DEB)‘s stock had its “buy” rating reiterated by equities researchers at Haitong Bank in a report released on Thursday. They currently have a GBX 70 ($0.85) price objective on the stock. Haitong Bank’s price objective would indicate a potential upside of 27.27% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Peel Hunt lowered their price objective on Debenhams Plc from GBX 100 ($1.22) to GBX 70 ($0.85) and set a “hold” rating on the stock in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 65 ($0.79) price objective on shares of Debenhams Plc in a research note on Monday, July 18th. Jefferies Group lowered their price objective on Debenhams Plc from GBX 75 ($0.91) to GBX 55 ($0.67) and set a “hold” rating on the stock in a research note on Tuesday, July 5th. Liberum Capital lowered their price objective on Debenhams Plc from GBX 73 ($0.89) to GBX 58 ($0.71) and set a “hold” rating on the stock in a research note on Tuesday, July 5th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Debenhams Plc in a research note on Wednesday, July 6th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Debenhams Plc presently has an average rating of “Hold” and an average price target of GBX 67.27 ($0.82).

Shares of Debenhams Plc (LON:DEB) opened at 55.116032 on Thursday. The firm’s market capitalization is GBX 676.60 million. The stock has a 50 day moving average of GBX 56.50 and a 200-day moving average of GBX 63.81. Debenhams Plc has a 1-year low of GBX 51.25 and a 1-year high of GBX 90.00.

The business also recently disclosed a dividend, which will be paid on Tuesday, January 24th. Investors of record on Thursday, December 8th will be given a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 4.34%. This is a boost from Debenhams Plc’s previous dividend of $1.03. The ex-dividend date is Thursday, December 8th.

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