Debenhams (LON:DEB)‘s stock had its “sector performer” rating reiterated by equities research analysts at Royal Bank of Canada in a note issued to investors on Thursday. They presently have a GBX 15 ($0.20) target price on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 69.88% from the company’s previous close.
Several other analysts have also recently issued reports on DEB. Peel Hunt restated a “sell” rating on shares of Debenhams in a research note on Thursday, October 25th. Liberum Capital upgraded Debenhams to a “hold” rating and set a GBX 10 ($0.13) price objective on the stock in a research note on Thursday, October 25th. Finally, Deutsche Bank restated a “hold” rating on shares of Debenhams in a research note on Tuesday, July 3rd. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 21.46 ($0.28).
LON DEB traded down GBX 0.62 ($0.01) on Thursday, hitting GBX 8.83 ($0.12). 11,709,096 shares of the stock traded hands, compared to its average volume of 3,850,000. Debenhams has a twelve month low of GBX 25.46 ($0.33) and a twelve month high of GBX 55.60 ($0.73).
Debenhams plc, through its subsidiaries, operates and franchises a range of department stores in the United Kingdom, the Republic of Ireland, Denmark, and internationally. The company offers products in the categories of women's wear, men's wear, children's wear, lingerie, accessories, beauty, gift, home, furniture, electrical, and others.
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