Debenhams Plc (LON:DEB) had its price objective lifted by analysts at Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 51 ($0.63) in a research note issued on Monday. The brokerage presently has a “sell” rating on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 8.27% from the stock’s current price.

DEB has been the topic of a number of other research reports. HSBC reduced their price objective on Debenhams Plc from GBX 55 ($0.68) to GBX 50 ($0.62) and set a “reduce” rating on the stock in a research note on Tuesday, October 18th. Haitong Bank reaffirmed a “buy” rating and issued a GBX 70 ($0.87) price objective on shares of Debenhams Plc in a research note on Friday, August 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Debenhams Plc in a research note on Monday, August 1st. JPMorgan Chase & Co. reduced their price objective on Debenhams Plc from GBX 54 ($0.67) to GBX 50 ($0.62) and set an “underweight” rating on the stock in a research note on Tuesday, November 8th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Debenhams Plc in a research note on Friday, October 28th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 65.53 ($0.81).

Analyst Recommendations for Debenhams Plc (LON:DEB)

Debenhams Plc (LON:DEB) opened at 55.50 on Monday. The company’s market cap is GBX 681.29 million. The firm has a 50-day moving average price of GBX 55.77 and a 200-day moving average price of GBX 60.43. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 85.90.

The business also recently declared a dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Thursday, December 8th will be given a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 4.34%. This is a positive change from Debenhams Plc’s previous dividend of $1.03. The ex-dividend date of this dividend is Thursday, December 8th.

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In related news, insider Matt Smith purchased 44,465 shares of Debenhams Plc stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average cost of GBX 56 ($0.69) per share, with a total value of £24,900.40 ($30,889.96).

Debenhams Plc Company Profile

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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