Debenhams Plc (LON:DEB) had its price objective lowered by investment analysts at HSBC from GBX 55 ($0.67) to GBX 50 ($0.61) in a research note issued to investors on Tuesday. The firm presently has a ” reduce” rating on the stock. HSBC’s target price suggests a potential downside of 7.32% from the company’s previous close.
DEB has been the subject of a number of other research reports. Haitong Bank restated a “buy” rating and issued a GBX 70 ($0.85) price target on shares of Debenhams Plc in a research note on Friday, August 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Debenhams Plc in a report on Monday, August 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Debenhams Plc in a report on Thursday, June 23rd. Investec decreased their price objective on shares of Debenhams Plc from GBX 67 ($0.82) to GBX 52 ($0.63) and set a “sell” rating for the company in a report on Wednesday, July 20th. Finally, Jefferies Group decreased their price objective on shares of Debenhams Plc from GBX 75 ($0.91) to GBX 55 ($0.67) and set a “hold” rating for the company in a report on Tuesday, July 5th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Debenhams Plc has an average rating of “Hold” and a consensus price target of GBX 68.76 ($0.84).
Shares of Debenhams Plc (LON:DEB) traded up 2.59% during trading on Tuesday, hitting GBX 55.35. 3,140,190 shares of the stock were exchanged. Debenhams Plc has a 12-month low of GBX 51.25 and a 12-month high of GBX 90.00. The stock’s market cap is GBX 679.25 million. The stock has a 50-day moving average of GBX 58.09 and a 200 day moving average of GBX 64.88.
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.
Receive News & Ratings for Debenhams Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Debenhams Plc and related companies with MarketBeat.com's FREE daily email newsletter.