DEB has been the subject of a number of other reports. Deutsche Bank reduced their price objective on shares of Debenhams from GBX 45 ($0.61) to GBX 42 ($0.57) and set a hold rating for the company in a research note on Friday, December 8th. Numis Securities reiterated a hold rating and issued a GBX 45 ($0.61) price objective on shares of Debenhams in a research note on Monday, October 30th. Royal Bank of Canada reiterated a sector performer rating and issued a GBX 42 ($0.57) price objective on shares of Debenhams in a research note on Thursday, January 4th. Peel Hunt reiterated a hold rating and issued a GBX 45 ($0.61) price objective on shares of Debenhams in a research note on Wednesday, December 20th. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 38 ($0.52) price target on shares of Debenhams in a research report on Friday, October 27th. Six investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 34.23 ($0.46).
Shares of Debenhams (LON DEB) opened at GBX 30.02 ($0.41) on Wednesday. The company has a market cap of $368.59 and a P/E ratio of 750.50. Debenhams has a 1-year low of GBX 27.10 ($0.37) and a 1-year high of GBX 56.65 ($0.77).
In other news, insider Sergio Bucher acquired 169,000 shares of the stock in a transaction dated Monday, January 8th. The stock was purchased at an average cost of GBX 30 ($0.41) per share, with a total value of £50,700 ($68,755.09). Also, insider Ian Cheshire acquired 175,000 shares of the stock in a transaction dated Friday, January 5th. The shares were purchased at an average cost of GBX 29 ($0.39) per share, with a total value of £50,750 ($68,822.89).
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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.
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