Debenhams (LON: DEB) was downgraded by equities research analysts at Citigroup to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $1.25 (83 GBX) price target on the stock, down from their previous price target of $1.85 (123 GBX).
A number of other firms have also recently commented on DEB. Analysts at BNP Paribas cut their price target on shares of Debenhams from $1.58 to $1.28 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Nomura cut their price target on shares of Debenhams from $1.80 to $1.65 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Debenhams in a research note to investors on Monday. They now have a $2.03 price target on the stock.
Debenhams opened at 83.50 on Tuesday. Debenhams has a 1-year low of GBX 70.013 and a 1-year high of GBX 124.80. The stock’s 50-day moving average is currently GBX 102.7. The company’s market cap is £1.054 billion.
Debenhams plc is a United Kingdom-based company. It is a department store with product categories, including women’s wear, menswear, children’s swear, home and, health and beauty.
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