Debenhams (LON:DEB) had its target price decreased by Liberum Capital from GBX 40 ($0.53) to GBX 25 ($0.33) in a report released on Thursday morning. Liberum Capital currently has a sell rating on the stock.
DEB has been the topic of a number of other reports. Deutsche Bank reduced their price objective on shares of Debenhams from GBX 45 ($0.60) to GBX 42 ($0.56) and set a hold rating on the stock in a research note on Friday, December 8th. Numis Securities reaffirmed a hold rating and issued a GBX 45 ($0.60) price objective on shares of Debenhams in a research note on Monday, October 30th. Peel Hunt reaffirmed a hold rating and issued a GBX 45 ($0.60) price objective on shares of Debenhams in a research note on Wednesday, December 20th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 38 ($0.51) price objective on shares of Debenhams in a research note on Friday, October 27th. Finally, Jefferies Group reaffirmed a hold rating and issued a GBX 47 ($0.63) price objective on shares of Debenhams in a research note on Tuesday. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 40.71 ($0.54).
Shares of Debenhams (LON:DEB) traded down GBX 1.42 ($0.02) during mid-day trading on Thursday, reaching GBX 28.92 ($0.39). 16,746,277 shares of the company’s stock were exchanged, compared to its average volume of 4,710,000. Debenhams has a 1 year low of GBX 27.10 ($0.36) and a 1 year high of GBX 59.01 ($0.79). The company has a market capitalization of $355.09 and a PE ratio of 723.00.
The company also recently declared a dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 5.71%. This is a boost from Debenhams’s previous dividend of $1.03. The ex-dividend date of this dividend is Thursday, December 7th.
In other news, insider Ian Cheshire purchased 175,000 shares of Debenhams stock in a transaction dated Friday, January 5th. The shares were bought at an average cost of GBX 29 ($0.39) per share, with a total value of £50,750 ($67,856.67).
Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.
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