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

Dunelm Group (LON:DNLM) had its price target dropped by Berenberg Bank from GBX 1,332 to GBX 1,200 in a research report issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 37.38% from the stock’s current price.

Separately, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,000 price target on shares of Dunelm Group in a report on Thursday, July 16th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell 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 1,160.56.

Dunelm Group Stock Performance

Shares of LON:DNLM opened at GBX 873.50 on Thursday. The firm has a fifty day simple moving average of GBX 848.65 and a two-hundred day simple moving average of GBX 840.01. Dunelm Group has a 52 week low of GBX 707 and a 52 week high of GBX 1,246. The company has a quick ratio of 0.16, a current ratio of 0.83 and a debt-to-equity ratio of 175.79. The stock has a market capitalization of £1.76 billion, a P/E ratio of 11.88, a PEG ratio of -10.32 and a beta of 0.97.

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.