Debenhams (DEB) Receives “Hold” Rating from Peel Hunt
DEB has been the subject of a number of other reports. Deutsche Bank reissued a hold rating and issued a GBX 45 ($0.61) price target on shares of Debenhams in a report on Friday, September 8th. J P Morgan Chase & Co reissued an underweight rating and issued a GBX 38 ($0.51) price target on shares of Debenhams in a report on Friday, October 27th. Numis Securities reissued a hold rating and issued a GBX 45 ($0.61) price target on shares of Debenhams in a report on Monday, October 30th. Liberum Capital downgraded shares of Debenhams to a sell rating and cut their price target for the company from GBX 58 ($0.78) to GBX 40 ($0.54) in a report on Wednesday, November 1st. Finally, Jefferies Group reissued a hold rating and issued a GBX 47 ($0.63) price target on shares of Debenhams in a report on Friday, October 27th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 46 ($0.62).
Debenhams (LON:DEB) traded up GBX 0.25 ($0.00) during mid-day trading on Wednesday, reaching GBX 34.50 ($0.46). 1,233,491 shares of the company traded hands, compared to its average volume of 3,620,000. Debenhams has a 1-year low of GBX 32.39 ($0.44) and a 1-year high of GBX 59.01 ($0.79).
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Debenhams Company Profile
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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