Goldman Sachs Gives Debenhams (LON:DEB) a Lower Rating. Will Other Analysts Follow Suit?


Debenhams (LON:DEB) Receives a Downgrade

Goldman Sachs has issued an update for Debenhams (LON:DEB) shares with a new Sell rating in a very recent research note distributed to Clients on 3 December. Their target price per share on the stock is now GBX 83.00.

From a total of 19 analysts covering Debenhams PLC (LON:DEB) stock, 6 rate it a ”Buy”, 3 a “Sell”, and 11 a ”Hold”. This means that 30% of the ratings are positive. The highest target price is GBX 110 while the lowest target price is GBX 72. The mean of all analyst targets is GBX 90.79 with a 10.70% above today’s (GBX 79.65) stock price. Debenhams PLC was the topic of 40 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on December 3 to “Sell” rating. UBS maintained shares with “Sector Perform” rating and GBX 72 target share price in a report from an October 23. N+1 Singer maintained DEB stock in a recent report from November 26 with “Hold” rating. Societe Generale maintained the rating on October 23. Societe Generale has a “Hold” rating and a GBX 83 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a November 2.

The stock decreased 4.04% or GBX 3.35 on December 3, striking GBX 79.65. Approximately 5.01 million shares of stock traded hands or 67.56% up from the average. Debenhams Plc (LON:DEB) has declined 3.67% since May 6, 2015 and is downtrending. It has underperformed by 3.38% the S&P500.

 Goldman Sachs Gives Debenhams (LON:DEB) a Lower Rating. Will Other Analysts Follow Suit?

Debenhams plc is a United Kingdom-based multi-channel company. The company has a market cap of 977.76 million GBP. The Firm brand trades through approximately 240 stores in 28 countries. It has 10.47 P/E ratio. It is available online in more than 70 countries.