Debenhams Plc (LON:DEB) had its price objective cut by research analysts at HSBC Holdings plc from GBX 48 ($0.61) to GBX 42 ($0.54) in a note issued to investors on Wednesday, May 17th. The brokerage presently has a “reduce” rating on the stock. HSBC Holdings plc’s price objective would indicate a potential downside of 4.55% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Berenberg Bank restated a “hold” rating and issued a GBX 75 ($0.96) price target on shares of Debenhams Plc in a report on Thursday, February 9th. Jefferies Group LLC reduced their price target on shares of Debenhams Plc from GBX 55 ($0.70) to GBX 50 ($0.64) and set a “hold” rating for the company in a report on Tuesday, February 28th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 52 ($0.66) price objective on shares of Debenhams Plc in a research note on Wednesday, February 15th. J P Morgan Chase & Co reduced their price objective on shares of Debenhams Plc from GBX 50 ($0.64) to GBX 46 ($0.59) and set an “underweight” rating for the company in a research note on Friday, April 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 60 ($0.76) price objective on shares of Debenhams Plc in a research note on Thursday, April 20th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Debenhams Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 53.21 ($0.68).
Debenhams Plc (LON DEB) opened at 44.25 on Wednesday. The company’s 50-day moving average price is GBX 49.22 and its 200 day moving average price is GBX 53.03. The company’s market capitalization is GBX 542.99 million. Debenhams Plc has a 12 month low of GBX 43.75 and a 12 month high of GBX 72.70.
The company also recently announced a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 1st will be issued a GBX 1.03 ($0.01) dividend. The ex-dividend date is Thursday, June 1st. This represents a yield of 1.95%.
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In other news, insider Ian Cheshire bought 50,000 shares of Debenhams Plc stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average price of GBX 50 ($0.64) per share, with a total value of £25,000 ($31,851.19).
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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