Debenhams (DEB) Given New GBX 26 Price Target at JPMorgan Chase & Co.
Debenhams (LON:DEB) had its price target trimmed by JPMorgan Chase & Co. from GBX 38 ($0.51) to GBX 26 ($0.35) in a research note issued to investors on Friday. The brokerage currently has an underweight rating on the stock.
Several other research analysts also recently weighed in on DEB. Citigroup reaffirmed a neutral rating and issued a GBX 30 ($0.40) target price on shares of Debenhams in a report on Friday. Peel Hunt downgraded shares of Debenhams to a sell rating and set a GBX 55 ($0.74) target price for the company. in a report on Thursday. Numis Securities reaffirmed a hold rating and issued a GBX 30 ($0.40) target price on shares of Debenhams in a report on Thursday. Deutsche Bank dropped their target price on shares of Debenhams from GBX 37 ($0.49) to GBX 33 ($0.44) and set a hold rating for the company in a report on Friday. Finally, Royal Bank of Canada reaffirmed a sector performer rating and issued a GBX 42 ($0.56) target price on shares of Debenhams in a report on Thursday. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 36.79 ($0.49).
Debenhams (LON:DEB) opened at GBX 28.92 ($0.39) on Friday. The firm has a market cap of $355.09 and a price-to-earnings ratio of 723.00. Debenhams has a 1-year low of GBX 27.10 ($0.36) and a 1-year high of GBX 59.01 ($0.79).
The business also recently disclosed a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 7th will be issued a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 5.71%. The ex-dividend date is Thursday, December 7th. This is an increase from Debenhams’s previous dividend of $1.03.
In related news, insider Ian Cheshire acquired 175,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was acquired at an average price of GBX 29 ($0.39) per share, with a total value of £50,750 ($67,856.67).
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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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