Dunelm Group (LON:DNLM) Raised to Buy at Deutsche Bank Aktiengesellschaft

Dunelm Group (LON:DNLM) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report released on Thursday, London Stock Exchange reports. The brokerage currently has a GBX 1,050 price target on the stock, up from their previous price target of GBX 850. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 22.09% from the stock’s previous close.

A number of other research analysts have also recently commented on DNLM. Berenberg Bank dropped their price target on Dunelm Group from GBX 1,332 to GBX 1,200 and set a “buy” rating for the company in a research note on Thursday, August 27th. Shore Capital Group restated a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a research report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,143.89.

Dunelm Group Price Performance

DNLM stock opened at GBX 860 on Thursday. Dunelm Group has a 1 year low of GBX 707 and a 1 year high of GBX 1,246. The company has a debt-to-equity ratio of 175.79, a current ratio of 0.83 and a quick ratio of 0.16. The stock has a market cap of £1.73 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of -10.32 and a beta of 0.97. The company has a 50 day simple moving average of GBX 854.74 and a 200 day simple moving average of GBX 836.98.

Dunelm Group Company Profile

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.