Dunelm Group (LON:DNLM) Price Target Lowered to GBX 1,200 at Deutsche Bank Aktiengesellschaft

Dunelm Group (LON:DNLM) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 1,360 to GBX 1,200 in a report released on Friday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on DNLM. Royal Bank Of Canada upgraded Dunelm Group to an “outperform” rating and lifted their price objective for the company from GBX 1,200 to GBX 1,300 in a research note on Monday, November 3rd. Shore Capital reissued a “buy” rating on shares of Dunelm Group in a report on Thursday. UBS Group restated a “buy” rating and issued a GBX 1,360 target price on shares of Dunelm Group in a report on Friday, October 17th. Berenberg Bank cut their price target on shares of Dunelm Group from GBX 1,480 to GBX 1,425 and set a “buy” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,227.78.

Dunelm Group Stock Up 0.1%

LON:DNLM traded up GBX 1.26 during midday trading on Friday, reaching GBX 949.26. The company had a trading volume of 445,296 shares, compared to its average volume of 1,009,488. Dunelm Group has a 12-month low of GBX 836.61 and a 12-month high of GBX 1,249. The firm has a market capitalization of £1.91 billion, a price-to-earnings ratio of 12.36, a PEG ratio of -10.32 and a beta of 1.18. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. The stock’s fifty day simple moving average is GBX 1,110.15 and its 200-day simple moving average is GBX 1,138.71.

Insider Activity at Dunelm Group

In other news, insider Clodagh Moriarty sold 51,119 shares of Dunelm Group stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of GBX 1,148, for a total transaction of £586,846.12. Also, insider Karen Witts purchased 10,790 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of GBX 1,104 per share, for a total transaction of £119,121.60. In the last ninety days, insiders purchased 17,790 shares of company stock valued at $20,056,160 and sold 61,854 shares valued at $70,913,541. Corporate insiders own 34.16% of the company’s stock.

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.