Debenhams (DEB) Hits New 12-Month Low at $20.76

Debenhams Plc (LON:DEB) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 20.76 ($0.29) and last traded at GBX 20.88 ($0.29), with a volume of 0 shares changing hands. The stock had previously closed at GBX 20.88 ($0.29).

A number of research firms have commented on DEB. Royal Bank of Canada decreased their target price on shares of Debenhams from GBX 30 ($0.41) to GBX 25 ($0.35) and set a “sector performer” rating on the stock in a research report on Monday, March 26th. Goldman Sachs decreased their target price on shares of Debenhams from GBX 25 ($0.35) to GBX 21 ($0.29) and set a “sell” rating on the stock in a research report on Wednesday, March 21st. Liberum Capital reaffirmed a “sell” rating and issued a GBX 25 ($0.35) target price on shares of Debenhams in a research report on Tuesday, March 6th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 33 ($0.46) target price on shares of Debenhams in a research report on Wednesday, February 14th. Finally, Investec reduced their price target on shares of Debenhams from GBX 34 ($0.47) to GBX 28 ($0.39) and set a “hold” rating on the stock in a research report on Friday, January 5th. Six analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 31.15 ($0.43).

In other news, insider David Adams bought 75,000 shares of Debenhams stock in a transaction that occurred on Tuesday, January 16th. The shares were purchased at an average price of GBX 31 ($0.43) per share, with a total value of £23,250 ($32,122.13). Also, insider Ian Cheshire bought 175,000 shares of Debenhams stock in a transaction that occurred on Friday, January 5th. The stock was purchased at an average cost of GBX 29 ($0.40) per share, for a total transaction of £50,750 ($70,116.05). In the last ninety days, insiders purchased 419,000 shares of company stock worth $12,470,000.

WARNING: “Debenhams (DEB) Hits New 12-Month Low at $20.76” was published by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.wkrb13.com/2018/04/02/debenhams-deb-hits-new-12-month-low-at-20-76.html.

Debenhams Company Profile

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.

Receive News & Ratings for Debenhams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Debenhams and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply