Debenhams Capital (LON:DEBS) Shares Climb 1.5% – Here’s What Happened

Debenhams Capital PLC (LON:DEBS)’s share price rose 1.5% during mid-day trading on Thursday. The company traded as high as GBX 24.52 and last traded at GBX 24.41. Approximately 3,870,616 shares traded hands during trading, an increase of 2% from the average daily volume of 3,807,046 shares. The stock had previously closed at GBX 24.05.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “buy” rating and set a GBX 35 price target on shares of Debenhams Capital in a report on Thursday, September 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 27.50.

Debenhams Capital Stock Performance

The stock has a market cap of £380.83 million and a price-to-earnings ratio of -3.13. The firm’s 50-day simple moving average is GBX 22.39 and its two-hundred day simple moving average is GBX 20.78.

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.