Debenhams plc (DEB) Reaches New 52-Week Low at $39.50

Shares of Debenhams plc (LON:DEB) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 39.50 ($0.52) and last traded at GBX 39.75 ($0.52), with a volume of 2608568 shares. The stock had previously closed at GBX 39.75 ($0.52).

DEB has been the subject of several recent analyst reports. Peel Hunt reiterated a “hold” rating and set a GBX 55 ($0.72) price target on shares of Debenhams plc in a research note on Tuesday, September 19th. Jefferies Group LLC restated a “hold” rating and set a GBX 47 ($0.62) target price on shares of Debenhams plc in a research note on Friday, October 27th. Deutsche Bank AG restated a “hold” rating and set a GBX 45 ($0.59) target price on shares of Debenhams plc in a research note on Friday, September 8th. restated a “reduce” rating and set a GBX 38 ($0.50) target price on shares of Debenhams plc in a research note on Friday, July 21st. Finally, J P Morgan Chase & Co restated an “underweight” rating and set a GBX 38 ($0.50) target price on shares of Debenhams plc in a research note on Friday, October 27th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 46.93 ($0.62).

The company also recently announced a dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, December 7th will be issued a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Debenhams plc’s previous dividend of $1.03.

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About Debenhams plc

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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