Shares of Debenhams Plc (LON:DEB) rose 45.1% on Tuesday . The company traded as high as GBX 4.63 ($0.06) and last traded at GBX 4.55 ($0.06). Approximately 33,169,289 shares changed hands during trading, an increase of 762% from the average daily volume of 3,850,000 shares. The stock had previously closed at GBX 3.14 ($0.04).
A number of equities analysts have weighed in on the stock. Liberum Capital upped their price objective on shares of Debenhams from GBX 5 ($0.07) to GBX 10 ($0.13) and gave the company a “hold” rating in a research report on Wednesday, January 16th. Peel Hunt reissued a “sell” rating and issued a GBX 12 ($0.16) price objective (up from GBX 4 ($0.05)) on shares of Debenhams in a research report on Thursday, January 3rd. Royal Bank of Canada reissued a “sector performer” rating and issued a GBX 15 ($0.20) price objective on shares of Debenhams in a research report on Thursday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Debenhams from GBX 26 ($0.34) to GBX 18 ($0.24) and set an “underweight” rating for the company in a research report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 15.78 ($0.21).
Debenhams Company Profile (LON:DEB)
Debenhams plc, through its subsidiaries, operates and franchises a range of department stores in the United Kingdom, the Republic of Ireland, Denmark, and internationally. It provides women's wear, men's wear, kids wear, and lingerie, as well as beauty, home, furniture, gift and toy, electrical, Christmas, and others products.
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