Peel Hunt Reaffirms “Hold” Rating for Dunelm Group (LON:DNLM)

Dunelm Group (LON:DNLM)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a research report issued on Thursday, LSE.Co.UK reports. They currently have a GBX 1,000 ($13.07) price target on the stock. Peel Hunt’s price target points to a potential upside of 22.93% from the company’s current price.

DNLM has been the topic of several other reports. Peel Hunt restated a “hold” rating and set a GBX 1,000 ($13.07) target price on shares of Dunelm Group in a report on Thursday. UBS Group restated a “neutral” rating on shares of Dunelm Group in a report on Wednesday, September 4th. HSBC upgraded Dunelm Group to a “hold” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 785 ($10.26) target price on shares of Dunelm Group in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 834.29 ($10.90).

LON DNLM traded down GBX 8 ($0.10) during trading on Thursday, hitting GBX 813.50 ($10.63). 332,746 shares of the company traded hands, compared to its average volume of 647,389. Dunelm Group has a 12 month low of GBX 482.80 ($6.31) and a 12 month high of GBX 992 ($12.96). The business has a fifty day simple moving average of GBX 861.69 and a 200 day simple moving average of GBX 881.09. The company has a current ratio of 1.39, a quick ratio of 0.30 and a debt-to-equity ratio of 23.84. The company has a market capitalization of $1.64 billion and a P/E ratio of 16.30.

In other Dunelm Group news, insider Ian Bull purchased 4,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were bought at an average cost of GBX 879 ($11.49) per share, with a total value of £35,160 ($45,942.77). Also, insider William Reeve purchased 1,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of GBX 815 ($10.65) per share, for a total transaction of £8,150 ($10,649.42). Over the last 90 days, insiders have acquired 16,000 shares of company stock worth $13,956,000.

About Dunelm Group

Dunelm Group plc engages in the retail of homewares in the United Kingdom. The company offers furniture for bedroom, living room, dining room, and office; sofas and chairs; bed frames, mattresses, beds, and headboards, as well as kids beds; and bedding products, such as bed linens, duvets, pillows, protectors, and baby and kids beddings.

Further Reading: Technical Analysis of Stocks and What It Means

Analyst Recommendations for Dunelm Group (LON:DNLM)

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