Berenberg Bank Cuts Dunelm Group (LON:DNLM) Price Target to GBX 1,200

Dunelm Group (LON:DNLM) had its price target cut by Berenberg Bank from GBX 1,332 to GBX 1,200 in a research report released on Thursday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, Shore Capital Group reissued a “buy” rating and set a GBX 1,000 price target on shares of Dunelm Group in a research report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,160.56.

Dunelm Group Trading Down 0.5%

DNLM stock opened at GBX 870 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.83 and a debt-to-equity ratio of 175.79. The company has a market cap of £1.75 billion, a price-to-earnings ratio of 11.84, a PEG ratio of -10.32 and a beta of 0.97. The business has a fifty day simple moving average of GBX 851.46 and a 200-day simple moving average of GBX 839.83. Dunelm Group has a 52 week low of GBX 707 and a 52 week high of GBX 1,246.

About Dunelm Group

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.