Trade Report: The Debenhams Plc (DEB) Price Target Raised to GBX 51

The Debenhams Plc (DEB) Price Target Raised to GBX 51

Debenhams Plc (LON:DEB) had its price target boosted by Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 51 ($0.64) in a report issued on Monday. The firm presently has a “sell” rating on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential downside of 9.67% from the stock’s previous close.

DEB has been the topic of several other reports. HSBC lowered their target price on Debenhams Plc from GBX 55 ($0.69) to GBX 50 ($0.62) and set a “reduce” rating on the stock in a research note on Tuesday, October 18th. Haitong Bank reissued a “buy” rating and issued a GBX 70 ($0.87) price target on shares of Debenhams Plc in a report on Friday, August 26th. Royal Bank Of Canada reissued an “outperform” rating on shares of Debenhams Plc in a report on Monday, August 1st. JPMorgan Chase & Co. reduced their price target on Debenhams Plc from GBX 54 ($0.67) to GBX 50 ($0.62) and set an “underweight” rating for the company in a report on Tuesday, November 8th. Finally, Beaufort Securities reissued a “hold” rating on shares of Debenhams Plc in a report on Friday, October 28th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 65.53 ($0.82).

Shares of Debenhams Plc (LON:DEB) opened at 56.026 on Monday. The stock’s market capitalization is GBX 687.77 million. The firm has a 50-day moving average price of GBX 55.80 and a 200 day moving average price of GBX 60.76. Debenhams Plc has a one year low of GBX 51.25 and a one year high of GBX 85.90.

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

In other Debenhams Plc news, insider Matt Smith acquired 44,465 shares of the stock in a transaction dated Wednesday, November 9th. The stock was acquired at an average price of GBX 56 ($0.70) per share, with a total value of £24,900.40 ($31,109.95).

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