Debenhams Plc’s (DEB) “Reduce” Rating Reiterated at HSBC Holdings plc

HSBC Holdings plc reiterated their reduce rating on shares of Debenhams Plc (LON:DEB) in a research report released on Wednesday morning. HSBC Holdings plc currently has a GBX 50 ($0.63) price objective on the stock.

DEB has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 50 ($0.63) price objective on shares of Debenhams Plc in a research report on Wednesday, January 25th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 60 ($0.75) price objective on shares of Debenhams Plc in a research report on Tuesday, December 20th. Peel Hunt reaffirmed a hold rating and set a GBX 70 ($0.88) price objective on shares of Debenhams Plc in a research report on Friday, January 13th. Berenberg Bank lowered Debenhams Plc to a sell rating and cut their price objective for the stock from GBX 75 ($0.94) to GBX 46 ($0.58) in a research report on Thursday, March 2nd. Finally, Goldman Sachs Group Inc upped their price objective on Debenhams Plc from GBX 50 ($0.63) to GBX 51 ($0.64) and gave the stock a sell rating in a research report on Monday, November 28th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Debenhams Plc has an average rating of Hold and a consensus target price of GBX 56.62 ($0.71).

Analyst Recommendations for Debenhams Plc (LON:DEB)

Debenhams Plc (LON:DEB) opened at 53.861 on Wednesday. The firm’s 50 day moving average price is GBX 53.82 and its 200-day moving average price is GBX 55.41. The stock’s market cap is GBX 661.17 million. Debenhams Plc has a 1-year low of GBX 51.25 and a 1-year high of GBX 82.15.

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In related news, insider Sergio Bucher acquired 187,617 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was bought at an average price of GBX 53 ($0.67) per share, for a total transaction of £99,437.01 ($124,967.97).

Debenhams Plc 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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