Debenhams (LON:DEB)‘s stock had its “sector performer” rating reiterated by equities research analysts at Royal Bank of Canada in a report issued on Thursday, January 4th. They currently have a GBX 42 ($0.59) target price on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 31.83% from the company’s current price.

Several other brokerages have also issued reports on DEB. Peel Hunt reaffirmed a “hold” rating and issued a GBX 55 ($0.77) target price on shares of Debenhams in a research note on Tuesday, September 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 38 ($0.53) target price on shares of Debenhams in a research note on Friday, October 27th. Deutsche Bank reduced their target price on shares of Debenhams from GBX 45 ($0.63) to GBX 42 ($0.59) and set a “hold” rating on the stock in a research note on Friday, December 8th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 58 ($0.81) target price on shares of Debenhams in a research note on Thursday, October 26th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 47 ($0.66) target price on shares of Debenhams in a research note on Friday, October 27th. Six research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Debenhams has an average rating of “Hold” and a consensus price target of GBX 34.23 ($0.48).

Shares of Debenhams (LON:DEB) traded up GBX 1.26 ($0.02) during trading hours on Thursday, reaching GBX 31.86 ($0.45). 3,807,212 shares of the company’s stock were exchanged, compared to its average volume of 6,370,000. Debenhams has a 12-month low of GBX 27.10 ($0.38) and a 12-month high of GBX 56.06 ($0.79). The company has a market cap of $391.92 and a price-to-earnings ratio of 796.50.

In related news, insider Sergio Bucher bought 169,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were purchased at an average cost of GBX 30 ($0.42) per share, for a total transaction of £50,700 ($71,197.87). Also, insider Ian Cheshire bought 175,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were bought at an average price of GBX 29 ($0.41) per share, for a total transaction of £50,750 ($71,268.08). Insiders have acquired a total of 419,000 shares of company stock worth $12,470,000 over the last 90 days.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.mareainformativa.com/royal-bank-of-canada-reaffirms-sector-performer-rating-for-debenhams-deb-updated-updated-updated/125299/.

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.

Analyst Recommendations for Debenhams (LON:DEB)

Receive News & Ratings for Debenhams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Debenhams and related companies with MarketBeat.com's FREE daily email newsletter.