Debenhams Capital (LON:DEBS) Shares Up 20.2% – Still a Buy?

Debenhams Capital PLC (LON:DEBS)’s share price traded up 20.2% during trading on Thursday . The company traded as high as GBX 26 and last traded at GBX 25.55. Approximately 15,195,212 shares were traded during trading, an increase of 308% from the average session volume of 3,725,064 shares. The stock had previously closed at GBX 21.25.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 35 target price on shares of Debenhams Capital in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Debenhams Capital currently has an average rating of “Moderate Buy” and an average target price of GBX 27.50.

Debenhams Capital Price Performance

The stock has a market capitalization of £401.90 million and a P/E ratio of -3.30. The firm has a 50-day simple moving average of GBX 22.15 and a 200 day simple moving average of GBX 20.37.

Debenhams Capital (LON:DEBS) last posted its earnings results on Tuesday, June 16th. The company reported GBX (2.36) EPS for the quarter. The company had revenue of £917 million for the quarter.

Debenhams Capital Company Profile

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.