Debenhams Capital (LON:DEBS) Shares Up 22% – Should You Buy?

Debenhams Capital PLC (LON:DEBS) shares traded up 22% on Thursday . The stock traded as high as GBX 14.20 and last traded at GBX 14.15. 16,115,323 shares were traded during trading, an increase of 275% from the average session volume of 4,294,942 shares. The stock had previously closed at GBX 11.60.

Wall Street Analysts Forecast Growth

DEBS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Debenhams Capital from GBX 26 to GBX 15 and set a “sell” rating on the stock in a research report on Friday, August 1st. Shore Capital reiterated a “hold” rating on shares of Debenhams Capital in a research note on Thursday, August 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of GBX 15.

Debenhams Capital Trading Up 41.0%

The stock has a 50 day simple moving average of GBX 12.35. The firm has a market cap of £220.43 million and a price-to-earnings ratio of -0.81.

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

Insiders Place Their Bets

In other news, insider John Goold bought 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were bought at an average cost of GBX 13 per share, for a total transaction of £26,000. Also, insider Iain McDonald purchased 250,161 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were purchased at an average cost of GBX 13 per share, with a total value of £32,520.93. Insiders acquired 663,042 shares of company stock worth $206,357,080 in the last three months. 15.03% of the stock is owned by company insiders.

About Debenhams Capital

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.