Debenhams Plc (LON:DEB)‘s stock had its “reduce” rating reiterated by equities research analysts at HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 38 ($0.50) price objective on the stock. HSBC Holdings plc’s target price indicates a potential downside of 12.14% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Liberum Capital reaffirmed a “hold” rating and issued a GBX 58 ($0.76) price target on shares of Debenhams Plc in a report on Tuesday, June 27th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 50 ($0.65) price target on shares of Debenhams Plc in a report on Tuesday, June 27th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 60 ($0.78) price target on shares of Debenhams Plc in a report on Thursday, April 20th. Deutsche Bank AG raised Debenhams Plc to a “hold” rating and reduced their price target for the stock from GBX 52 ($0.68) to GBX 50 ($0.65) in a report on Friday, April 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 50 ($0.65) price target on shares of Debenhams Plc in a report on Wednesday, April 26th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 47.86 ($0.62).
Shares of Debenhams Plc (LON DEB) opened at 42.75 on Friday. Debenhams Plc has a 52-week low of GBX 42.25 and a 52-week high of GBX 64.25. The company’s 50 day moving average price is GBX 44.86 and its 200 day moving average price is GBX 51.00. The stock’s market cap is GBX 524.58 million.
In related news, insider Ian Cheshire purchased 50,000 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average cost of GBX 50 ($0.65) per share, for a total transaction of £25,000 ($32,645.60).
About Debenhams Plc
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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