Citigroup Reaffirms Neutral Rating for Debenhams (LON:DEB)

Debenhams (LON:DEB)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup in a note issued to investors on Friday, January 5th. They presently have a GBX 30 ($0.41) price objective on the stock. Citigroup’s price objective would suggest a potential downside of 3.41% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on DEB. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 45 ($0.61) price objective on shares of Debenhams in a research note on Friday, September 8th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 55 ($0.75) price objective on shares of Debenhams in a research note on Tuesday, September 19th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 58 ($0.79) price objective on shares of Debenhams in a research note on Thursday, October 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 38 ($0.52) price objective on shares of Debenhams in a research note on Friday, October 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 47 ($0.64) price objective on shares of Debenhams in a research note on Friday, October 27th. Six analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 34.23 ($0.46).

Shares of Debenhams (LON DEB) opened at GBX 30.24 ($0.41) on Friday. Debenhams has a 52-week low of GBX 27.10 ($0.37) and a 52-week high of GBX 59.01 ($0.80). The company has a market capitalization of $371.29 and a P/E ratio of 756.00.

In related news, insider Sergio Bucher bought 169,000 shares of the company’s 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 bought 175,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was bought at an average cost of GBX 29 ($0.39) per share, with a total value of £50,750 ($68,822.89).

TRADEMARK VIOLATION NOTICE: “Citigroup Reaffirms Neutral Rating for Debenhams (LON:DEB)” was originally published by Week Herald and is the property of of Week Herald. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://weekherald.com/2018/01/16/citigroup-reaffirms-neutral-rating-for-debenhams-deb.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.

Analyst Recommendations for Debenhams (LON:DEB)

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