Debenhams Plc (LON:DEB) had its price target upped by analysts at Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 51 ($0.63) in a research note issued on Monday. The firm presently has a “sell” rating on the stock. Goldman Sachs Group Inc.’s target price suggests a potential downside of 9.67% from the company’s current price.
A number of other brokerages also recently issued reports on DEB. Deutsche Bank AG reaffirmed a “hold” rating on shares of Debenhams Plc in a research note on Wednesday, August 3rd. Peel Hunt cut their target price on Debenhams Plc from GBX 100 ($1.24) to GBX 70 ($0.87) and set a “hold” rating for the company in a research note on Thursday, October 27th. Royal Bank Of Canada reissued a “sector performer” rating and set a GBX 62 ($0.77) price objective on shares of Debenhams Plc in a research report on Monday, November 7th. HSBC downgraded Debenhams Plc from a “hold” rating to a “reduce” rating and raised their price objective for the stock from GBX 53 ($0.66) to GBX 55 ($0.68) in a research report on Friday, September 9th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 54 ($0.67) price objective on shares of Debenhams Plc in a research report on Thursday, October 27th. Five 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. Debenhams Plc currently has a consensus rating of “Hold” and an average target price of GBX 65.53 ($0.81).
Shares of Debenhams Plc (LON:DEB) traded down 3.00% during trading on Monday, reaching GBX 55.00. 3,771,734 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 675.18 million. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 85.90. The stock has a 50-day moving average price of GBX 55.77 and a 200 day moving average price of GBX 60.43.
The firm also recently announced a dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Thursday, December 8th will be given a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, December 8th. This is a positive change from Debenhams Plc’s previous dividend of $1.03.
In other Debenhams Plc news, insider Matt Smith bought 44,465 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of GBX 56 ($0.69) per share, with a total value of £24,900.40 ($30,889.96).