Berenberg Bank Reaffirms “Buy” Rating for Dunelm Group (LON:DNLM)

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 1,200 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 57.27% from the company’s previous close.

Several other research analysts have also weighed in on the company. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,000 target price on shares of Dunelm Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Dunelm Group to a “buy” rating and upped their price target for the stock from GBX 850 to GBX 1,050 in a research note on Thursday, September 3rd. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,122.78.

Dunelm Group Price Performance

DNLM opened at GBX 763 on Wednesday. Dunelm Group has a 1 year low of GBX 707 and a 1 year high of GBX 1,174. The company’s 50 day simple moving average is GBX 858.19 and its 200 day simple moving average is GBX 833.50. The stock has a market capitalization of £1.54 billion, a PE ratio of 10.38, a P/E/G ratio of -10.32 and a beta of 0.97. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83.

Dunelm Group (LON:DNLM) last posted its quarterly earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a net margin of 8.29% and a return on equity of 105.88%. As a group, sell-side analysts expect that Dunelm Group will post 77.0957096 EPS for the current year.

Dunelm Group Company Profile

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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.