JPMorgan Chase & Co. Raises Dunelm Group (DNLM) Price Target to GBX 600

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Dunelm Group (LON:DNLM) had its target price boosted by JPMorgan Chase & Co. from GBX 590 ($7.71) to GBX 600 ($7.84) in a research report released on Friday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays lowered their price objective on shares of Dunelm Group from GBX 540 ($7.06) to GBX 520 ($6.79) and set an equal weight rating for the company in a research report on Friday, July 13th. Peel Hunt restated a hold rating and issued a GBX 575 ($7.51) price objective on shares of Dunelm Group in a research report on Thursday, July 12th. UBS Group lowered their price target on shares of Dunelm Group from GBX 640 ($8.36) to GBX 600 ($7.84) and set a buy rating for the company in a research report on Thursday, September 13th. Citigroup lowered their price target on shares of Dunelm Group from GBX 520 ($6.79) to GBX 450 ($5.88) and set a sell rating for the company in a research report on Thursday, June 28th. Finally, HSBC lowered their price target on shares of Dunelm Group from GBX 550 ($7.19) to GBX 500 ($6.53) and set a hold rating for the company in a research report on Monday, July 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 578.75 ($7.56).

DNLM traded up GBX 7 ($0.09) during midday trading on Friday, hitting GBX 578.50 ($7.56). The company had a trading volume of 893,700 shares, compared to its average volume of 647,389. Dunelm Group has a twelve month low of GBX 541.50 ($7.08) and a twelve month high of GBX 760 ($9.93).

The firm also recently declared a dividend, which will be paid on Friday, December 7th. Stockholders of record on Thursday, November 15th will be given a dividend of GBX 19.50 ($0.25) per share. This is a boost from Dunelm Group’s previous dividend of $7.00. The ex-dividend date of this dividend is Thursday, November 15th. This represents a dividend yield of 3.42%.

In other Dunelm Group news, insider Nick Wilkinson purchased 48,876 shares of the stock in a transaction dated Friday, July 20th. The stock was bought at an average price of GBX 509 ($6.65) per share, for a total transaction of £248,778.84 ($325,073.62).

Dunelm Group Company Profile

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 kids beddings.

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Analyst Recommendations for Dunelm Group (LON:DNLM)

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