Deutsche Bank Aktiengesellschaft Cuts Dunelm Group (LON:DNLM) Price Target to GBX 1,000

Dunelm Group (LON:DNLM) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 1,050 to GBX 1,000 in a report released on Wednesday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Shore Capital Group reissued a “buy” rating and set a GBX 1,000 price target on shares of Dunelm Group in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,200 price objective on shares of Dunelm Group in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Dunelm Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,111.11.

Dunelm Group Stock Performance

Shares of DNLM stock opened at GBX 756.96 on Wednesday. The company has a debt-to-equity ratio of 258.52, a quick ratio of 0.16 and a current ratio of 1.02. Dunelm Group has a one year low of GBX 707 and a one year high of GBX 1,174. The company’s 50-day simple moving average is GBX 855.18 and its 200-day simple moving average is GBX 829.71. The stock has a market capitalization of £1.53 billion, a price-to-earnings ratio of 10.30, a PEG ratio of -10.32 and a beta of 0.97.

Dunelm Group (LON:DNLM) last released its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. Equities analysts anticipate that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Ian Bull purchased 2,500 shares of the stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of GBX 748 per share, for a total transaction of £18,700. Also, insider Alison Brittain bought 10,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of GBX 732 per share, for a total transaction of £73,200. Company insiders own 34.19% of the company’s stock.

Key Stories Impacting Dunelm Group

Here are the key news stories impacting Dunelm Group this week:

• Positive Sentiment: Non-executive director Alison Brittain purchased 10,000 shares for approximately £73,200 at an average price of GBX 732. The sizeable investment may signal confidence that Dunelm’s recent weakness has created an attractive valuation.
• Positive Sentiment: Non-executive director Ian Bull bought 2,500 shares for £18,700 at GBX 748, providing another insider-confidence signal. Dunelm Group Insider Buying
• Positive Sentiment: Berenberg reaffirmed its “buy” rating with a GBX 1,200 target, while Shore Capital also maintained a “buy” recommendation with a GBX 1,000 target. These targets remain above the recent trading range. Berenberg Reaffirms Buy Rating
• Neutral Sentiment: Dunelm retains a “Moderate Buy” consensus, with eight analysts rating the shares “buy” and one rating them “sell.” The average target is GBX 1,111.11, suggesting substantial potential upside but also some disagreement among analysts.
• Negative Sentiment: JPMorgan reduced its target from GBX 1,225 to GBX 1,050, Deutsche Bank cut its target from GBX 1,050 to GBX 1,000, and Canaccord lowered its target from GBX 1,240 to GBX 1,185. Although the firms retained positive ratings, the cuts indicate more measured views on Dunelm’s growth or valuation. Deutsche Bank Forecast for Dunelm

Dunelm Group Company Profile

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.