Debenhams Plc (DEB) Insider David Adams Buys 75,000 Shares

Debenhams Plc (LON:DEB) insider David Adams purchased 75,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was purchased at an average price of GBX 31 ($0.42) per share, with a total value of £23,250 ($31,529.70).

Shares of Debenhams Plc (LON DEB) opened at GBX 29.94 ($0.41) on Wednesday. Debenhams Plc has a 1-year low of GBX 27.10 ($0.37) and a 1-year high of GBX 56.06 ($0.76). The firm has a market capitalization of $367.61 and a PE ratio of 748.50.

The firm also recently declared a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 7th will be issued a dividend of GBX 2.40 ($0.03) per share. This is an increase from Debenhams’s previous dividend of $1.03. This represents a yield of 5.71%. The ex-dividend date of this dividend is Thursday, December 7th.

A number of research analysts have recently commented on the company. Deutsche Bank dropped their price target on Debenhams from GBX 45 ($0.61) to GBX 42 ($0.57) and set a “hold” rating for the company in a research note on Friday, December 8th. Numis Securities reiterated a “hold” rating and issued a GBX 45 ($0.61) price target on shares of Debenhams in a research note on Monday, October 30th. Liberum Capital cut Debenhams to a “sell” rating and dropped their price target for the company from GBX 58 ($0.79) to GBX 40 ($0.54) in a research note on Wednesday, November 1st. Royal Bank of Canada reiterated a “sector performer” rating and issued a GBX 42 ($0.57) price target on shares of Debenhams in a research note on Thursday, January 4th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 45 ($0.61) price target on shares of Debenhams in a research note on Wednesday, December 20th. Six research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Debenhams currently has an average rating of “Hold” and a consensus target price of GBX 34.23 ($0.46).

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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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