Dunelm Group (LON:DNLM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Dunelm Group plc (LON:DNLM)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,138.68 ($15.21) and traded as high as GBX 1,156 ($15.44). Dunelm Group shares last traded at GBX 1,151.18 ($15.38), with a volume of 1,109,010 shares.

Analysts Set New Price Targets

Several research analysts recently weighed in on DNLM shares. Jefferies Financial Group lifted their price objective on shares of Dunelm Group from GBX 1,095 to GBX 1,115 and gave the stock a “hold” rating in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a “buy” rating in a report on Tuesday, August 26th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,320 price objective on shares of Dunelm Group in a research report on Wednesday, September 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,480 price objective on shares of Dunelm Group in a research report on Tuesday, September 9th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 1,360 price objective on shares of Dunelm Group in a research report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Dunelm Group presently has an average rating of “Moderate Buy” and an average target price of GBX 1,312.14.

Dunelm Group Price Performance

The firm has a market capitalization of £2.28 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a 50-day moving average of GBX 1,140.02 and a 200-day moving average of GBX 1,138.68. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04.

Dunelm Group (LON:DNLM) last released its earnings results on Tuesday, September 9th. The company reported GBX 77.20 EPS for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. As a group, research analysts anticipate that Dunelm Group plc will post 77.0957096 EPS for the current fiscal year.

About Dunelm Group

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.