Debenhams Capital (LON:DEBS) Shares Up 10.2% – Here’s What Happened

Debenhams Capital PLC (LON:DEBS)’s share price rose 10.2% during mid-day trading on Thursday . The stock traded as high as GBX 20.40 and last traded at GBX 19.83. Approximately 26,666,512 shares were traded during mid-day trading, an increase of 365% from the average daily volume of 5,733,681 shares. The stock had previously closed at GBX 18.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Peel Hunt reaffirmed a “hold” rating and set a GBX 20 target price on shares of Debenhams Capital in a report on Thursday, January 29th. Shore Capital Group reissued a “hold” rating on shares of Debenhams Capital in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of GBX 17.50.

Debenhams Capital Trading Down 3.7%

The company has a market capitalization of £262.78 million and a price-to-earnings ratio of -1.93. The firm has a 50-day simple moving average of GBX 22.14 and a two-hundred day simple moving average of GBX 17.24.

Debenhams Capital (LON:DEBS) last posted its earnings results on Thursday, November 27th. The company reported GBX (0.51) earnings per share (EPS) for the quarter.

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.