Debenhams Capital (LON:DEBS) Trading 10.2% Higher – Here’s What Happened

Debenhams Capital PLC (LON:DEBS) traded up 10.2% during trading on Thursday . The stock traded as high as GBX 20.40 and last traded at GBX 19.83. 26,666,512 shares traded hands during mid-day trading, an increase of 365% from the average session volume of 5,733,681 shares. The stock had previously closed at GBX 18.

Wall Street Analysts Forecast Growth

DEBS has been the topic of a number of recent research reports. Peel Hunt reiterated a “hold” rating and issued a GBX 20 price objective on shares of Debenhams Capital in a report on Thursday, January 29th. Shore Capital Group restated a “hold” rating on shares of Debenhams Capital in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of GBX 17.50.

Debenhams Capital Price Performance

The firm’s 50 day moving average is GBX 22.31 and its two-hundred day moving average is GBX 17.20. The firm has a market capitalization of £272.88 million and a P/E ratio of -2.00.

Debenhams Capital (LON:DEBS) last issued its earnings results on Thursday, November 27th. The company reported GBX (0.51) earnings per share (EPS) for the quarter.

Debenhams Capital Company Profile

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.

Almost half of our products are designed and sourced in the UK and distributed globally from our international distribution centres based in the North of England.