Deutsche Bank AG reaffirmed their hold rating on shares of Debenhams Plc (LON:DEB) in a research report sent to investors on Wednesday. The firm currently has a GBX 60 ($0.73) price objective on the stock.
Several other research analysts have also issued reports on DEB. Peel Hunt lowered Debenhams Plc to a hold rating and lowered their target price for the stock from GBX 100 ($1.22) to GBX 80 ($0.98) in a research report on Wednesday, June 22nd. Jefferies Group reissued a hold rating and issued a GBX 75 ($0.91) price objective on shares of Debenhams Plc in a research report on Thursday, June 23rd. JPMorgan Chase & Co. reissued an underweight rating on shares of Debenhams Plc in a research report on Thursday, June 23rd. Beaufort Securities reissued a hold rating on shares of Debenhams Plc in a research report on Thursday, June 23rd. Finally, Goldman Sachs Group Inc. lowered their price objective on Debenhams Plc from GBX 80 ($0.98) to GBX 70 ($0.85) and set a sell rating for the company in a research report on Thursday, June 23rd. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 69.08 ($0.84).
Shares of Debenhams Plc (LON:DEB) opened at 54.35 on Wednesday. The company’s 50-day moving average price is GBX 58.09 and its 200 day moving average price is GBX 64.88. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 90.00. The company’s market cap is GBX 666.98 million.
About Debenhams Plc
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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