Debenhams Capital (LON:DEBS) Shares Up 9.1% – Here’s What Happened

Debenhams Capital PLC (LON:DEBS)’s stock price traded up 9.1% on Wednesday . The stock traded as high as GBX 21.50 and last traded at GBX 20.51. 6,072,480 shares changed hands during trading, an increase of 44% from the average session volume of 4,230,977 shares. The stock had previously closed at GBX 18.80.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Debenhams Capital in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of GBX 17.50.

Debenhams Capital Trading Up 11.7%

The stock has a market capitalization of £329.85 million and a price-to-earnings ratio of -2.08. The stock’s 50 day moving average is GBX 17.35 and its two-hundred day moving average is GBX 19.67.

About Debenhams Capital

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.

Almost half of our products are designed and sourced in the UK and distributed globally from our international distribution centres based in the North of England.