Debenhams’ (DEB) Hold Rating Reaffirmed at Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of Debenhams (LON:DEB) in a research note published on Wednesday. The firm currently has a GBX 33 ($0.46) price objective on the stock.

Several other brokerages have also issued reports on DEB. Jefferies Group reiterated a hold rating and set a GBX 47 ($0.65) target price on shares of Debenhams in a research report on Friday, October 27th. Liberum Capital reiterated a sell rating on shares of Debenhams in a research report on Wednesday, January 10th. Citigroup reiterated a neutral rating and set a GBX 30 ($0.41) target price on shares of Debenhams in a research report on Friday, January 5th. Berenberg Bank dropped their target price on shares of Debenhams from GBX 37 ($0.51) to GBX 19 ($0.26) and set a sell rating for the company in a research report on Friday, January 5th. Finally, Numis Securities reiterated a hold rating and set a GBX 30 ($0.41) target price on shares of Debenhams in a research report on Thursday, January 4th. Six equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 34.23 ($0.47).

Debenhams (DEB) traded down GBX 0.19 ($0.00) during mid-day trading on Wednesday, reaching GBX 28.45 ($0.39). 735,773 shares of the company were exchanged, compared to its average volume of 7,030,000. Debenhams has a twelve month low of GBX 26.06 ($0.36) and a twelve month high of GBX 55.60 ($0.77). The firm has a market cap of $352.88 and a PE ratio of 711.25.

In other Debenhams news, insider David Adams acquired 75,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was purchased at an average cost of GBX 31 ($0.43) per share, for a total transaction of £23,250 ($32,122.13). Also, insider Ian Cheshire acquired 175,000 shares of the stock in a transaction dated Friday, January 5th. The stock was acquired at an average price of GBX 29 ($0.40) per share, with a total value of £50,750 ($70,116.05). Over the last 90 days, insiders bought 419,000 shares of company stock valued at $12,470,000.

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About Debenhams

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.

Analyst Recommendations for Debenhams (LON:DEB)

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