Trading Report: The Canaccord Genuity Reiterates Hold Rating for Dunelm Group plc (DNLM)

The Canaccord Genuity Reiterates Hold Rating for Dunelm Group plc (DNLM)

Dunelm Group plc (LON:DNLM)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity in a research note issued on Thursday. They currently have a GBX 920 ($12.01) target price on the stock. Canaccord Genuity’s target price indicates a potential upside of 15.07% from the company’s current price.

Several other research firms have also issued reports on DNLM. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 800 ($10.44) price target on shares of Dunelm Group plc in a report on Monday, September 19th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 855 ($11.16) price target on shares of Dunelm Group plc in a report on Thursday, September 15th. Peel Hunt cut their price target on shares of Dunelm Group plc from GBX 1,000 ($13.05) to GBX 900 ($11.75) and set an “add” rating on the stock in a report on Thursday, July 7th. HSBC initiated coverage on shares of Dunelm Group plc in a report on Thursday, September 22nd. They issued a “buy” rating and a GBX 1,000 ($13.05) price target on the stock. Finally, Jefferies Group cut their price target on shares of Dunelm Group plc from GBX 845 ($11.03) to GBX 700 ($9.14) and set a “hold” rating on the stock in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 893.33 ($11.66).

Shares of Dunelm Group plc (LON:DNLM) opened at 793.78 on Thursday. The stock’s market capitalization is GBX 1.61 billion. The stock has a 50 day moving average price of GBX 883.62 and a 200 day moving average price of GBX 889.33. Dunelm Group plc has a 1-year low of GBX 724.00 and a 1-year high of GBX 1,023.00.

The firm also recently announced a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 3rd will be given a dividend of GBX 19.10 ($0.25) per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a yield of 2.14%.

In other news, insider Down,Keith acquired 5,629 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was acquired at an average price of GBX 865 ($11.29) per share, for a total transaction of £48,690.85 ($63,556.78). Also, insider William Reeve acquired 2,500 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was purchased at an average price of GBX 823 ($10.74) per share, with a total value of £20,575 ($26,856.81).

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