Dunelm Group plc (LON:DNLM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Dunelm Group plc (LON:DNLM) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,199.44.

DNLM has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,075 price objective on shares of Dunelm Group in a report on Thursday, April 16th. Shore Capital Group reaffirmed a “buy” rating on shares of Dunelm Group in a report on Thursday, April 16th. Canaccord Genuity Group lowered their price target on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating on the stock in a report on Friday, April 17th. Finally, Berenberg Bank lowered their price target on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating on the stock in a report on Friday, April 17th.

Insider Activity

In other Dunelm Group news, insider Ajay Kavan purchased 3,947 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of GBX 756 per share, with a total value of £29,839.32. Also, insider Alison Brittain purchased 12,500 shares of the stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of GBX 764 per share, for a total transaction of £95,500. Company insiders own 34.13% of the company’s stock.

Dunelm Group Stock Performance

Shares of DNLM opened at GBX 804.50 on Thursday. The stock’s 50-day simple moving average is GBX 790.22 and its 200 day simple moving average is GBX 950.36. The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of -10.32 and a beta of 0.96. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83. Dunelm Group has a 52-week low of GBX 707 and a 52-week high of GBX 1,249.

About Dunelm Group

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.