Debenhams (LON:DEB) had its price target reduced by equities research analysts at Investec from GBX 34 ($0.48) to GBX 28 ($0.39) in a note issued to investors on Friday, January 5th. The firm currently has a “hold” rating on the stock. Investec’s price target would suggest a potential downside of 12.12% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Numis Securities reissued a “hold” rating and issued a GBX 45 ($0.63) price objective on shares of Debenhams in a research note on Monday, October 30th. Deutsche Bank reissued a “hold” rating and issued a GBX 45 ($0.63) price objective on shares of Debenhams in a research note on Monday, October 30th. Jefferies Group reissued a “hold” rating and issued a GBX 47 ($0.66) price objective on shares of Debenhams in a research note on Tuesday, January 2nd. Finally, Liberum Capital dropped their price objective on Debenhams from GBX 40 ($0.56) to GBX 25 ($0.35) and set a “sell” rating on the stock in a research note on Thursday, January 4th. Six investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 34.23 ($0.48).

Shares of Debenhams (DEB) traded up GBX 1.26 ($0.02) during trading hours on Friday, hitting GBX 31.86 ($0.45). The stock had a trading volume of 3,807,212 shares, compared to its average volume of 6,370,000. The firm has a market cap of $391.92 and a P/E ratio of 796.50. Debenhams has a 12 month low of GBX 27.10 ($0.38) and a 12 month high of GBX 56.06 ($0.79).

In other news, insider David Adams purchased 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were acquired at an average cost of GBX 31 ($0.44) per share, with a total value of £23,250 ($32,649.91). Also, insider Sergio Bucher acquired 169,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were bought at an average cost of GBX 30 ($0.42) per share, with a total value of £50,700 ($71,197.87). Over the last ninety days, insiders have purchased 419,000 shares of company stock worth $12,470,000.

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About Debenhams

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.

Analyst Recommendations for Debenhams (LON:DEB)

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