Debenhams Plc (DEB) Given sector perform Rating at Royal Bank of Canada
Royal Bank of Canada reissued their sector perform rating on shares of Debenhams Plc (LON:DEB) in a report issued on Thursday. Royal Bank of Canada currently has a GBX 60 ($0.76) price target on the stock.
Several other research analysts also recently commented on the stock. Canaccord Genuity reissued a hold rating and set a GBX 60 ($0.76) price target on shares of Debenhams Plc in a research note on Thursday. Peel Hunt cut their target price on shares of Debenhams Plc from GBX 70 ($0.88) to GBX 50 ($0.63) and set a hold rating on the stock in a report on Thursday. Liberum Capital restated a hold rating and issued a GBX 58 ($0.73) target price on shares of Debenhams Plc in a report on Wednesday. HSBC Holdings plc cut shares of Debenhams Plc to a reduce rating and set a GBX 50 ($0.63) target price on the stock. in a report on Wednesday. Finally, Berenberg Bank restated a sell rating and issued a GBX 46 ($0.58) target price on shares of Debenhams Plc in a report on Thursday, March 9th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 53.69 ($0.68).
Debenhams Plc (LON:DEB) traded down 0.38% during midday trading on Thursday, hitting GBX 52.30. 5,494,456 shares of the stock were exchanged. The company’s 50 day moving average is GBX 53.71 and its 200 day moving average is GBX 54.92. The company’s market capitalization is GBX 642.01 million. Debenhams Plc has a 1-year low of GBX 51.25 and a 1-year high of GBX 81.00.
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The business also recently declared a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 1st will be issued a GBX 1.03 ($0.01) dividend. This represents a yield of 1.95%. The ex-dividend date is Thursday, June 1st.
In related news, insider Sergio Bucher purchased 187,617 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were acquired at an average price of GBX 53 ($0.67) per share, for a total transaction of £99,437.01 ($125,156.71).
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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