Panmure Gordon Cuts Dunelm Group (LON:DNLM) Price Target to GBX 830

Dunelm Group (LON:DNLM) had its target price lowered by Panmure Gordon from GBX 995 to GBX 830 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “sell” rating on the stock. Panmure Gordon’s price objective points to a potential downside of 12.56% from the stock’s current price.

A number of other analysts have also commented on DNLM. Berenberg Bank decreased their price objective on Dunelm Group from GBX 1,480 to GBX 1,425 and set a “buy” rating for the company in a report on Friday. Jefferies Financial Group cut their target price on Dunelm Group from GBX 1,131 to GBX 1,075 and set a “hold” rating on the stock in a research report on Monday. Shore Capital reissued a “buy” rating on shares of Dunelm Group in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 1,360 price objective on shares of Dunelm Group in a report on Friday, October 17th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,227.78.

Dunelm Group Stock Up 0.1%

Shares of LON DNLM traded up GBX 1.26 during mid-day trading on Monday, reaching GBX 949.26. 445,296 shares of the company’s stock traded hands, compared to its average volume of 1,009,488. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The business has a 50-day simple moving average of GBX 1,110.15 and a 200 day simple moving average of GBX 1,138.71. The stock has a market cap of £1.91 billion, a P/E ratio of 12.36, a PEG ratio of -10.32 and a beta of 1.18. Dunelm Group has a 1-year low of GBX 836.61 and a 1-year high of GBX 1,249.

Insiders Place Their Bets

In other Dunelm Group news, insider Luisa Wright sold 2,257 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of GBX 1,121, for a total value of £25,300.97. Also, insider Daniel Taylor bought 4,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of GBX 1,163 per share, with a total value of £46,520. In the last ninety days, insiders acquired 17,790 shares of company stock worth $20,056,160 and sold 61,854 shares worth $70,913,541. Insiders own 34.16% of the company’s stock.

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.