Peel Hunt Reaffirms “Sell” Rating for Debenhams (LON:DEB)

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Peel Hunt reiterated their sell rating on shares of Debenhams (LON:DEB) in a report issued on Tuesday, June 19th. The firm currently has a GBX 20 ($0.27) target price on the stock, down from their prior target price of GBX 25 ($0.33).

Other analysts have also recently issued reports about the company. Liberum Capital reiterated a sell rating and issued a GBX 25 ($0.33) price target on shares of Debenhams in a research report on Tuesday, March 6th. Goldman Sachs Group restated a sell rating on shares of Debenhams in a report on Monday, April 23rd. Citigroup decreased their target price on Debenhams from GBX 30 ($0.40) to GBX 20 ($0.27) and set a neutral rating on the stock in a report on Friday, April 20th. Deutsche Bank restated a hold rating on shares of Debenhams in a report on Friday, April 6th. Finally, Numis Securities decreased their target price on Debenhams from GBX 30 ($0.40) to GBX 22 ($0.29) and set a hold rating on the stock in a report on Tuesday, April 24th. Six analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has an average rating of Hold and an average target price of GBX 24.50 ($0.33).

Shares of LON:DEB opened at GBX 15.50 ($0.21) on Tuesday. Debenhams has a fifty-two week low of GBX 25.46 ($0.34) and a fifty-two week high of GBX 55.60 ($0.74).

Debenhams (LON:DEB) last announced its quarterly earnings results on Thursday, April 19th. The company reported GBX 2.80 ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 3.60 ($0.05) by GBX (0.80) (($0.01)). Debenhams had a negative net margin of 2.32% and a negative return on equity of 4.88%.

The company also recently declared a dividend, which will be paid on Friday, July 6th. Stockholders of record on Thursday, June 7th will be paid a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, June 7th.

Debenhams Company Profile

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.

Analyst Recommendations for Debenhams (LON:DEB)

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