Dunelm Group (LON:DNLM) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Dunelm Group plc (LON:DNLM) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,039.73 ($14.09) and traded as high as GBX 1,185 ($16.06). Dunelm Group shares last traded at GBX 1,180.80 ($16.01), with a volume of 172,737 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “not rated” rating on shares of Dunelm Group in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,251 ($16.96).

Dunelm Group Stock Up 1.4%

The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of -10.32 and a beta of 1.18. The business has a fifty day moving average of GBX 1,100.62 and a 200 day moving average of GBX 1,039.73. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16.

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Ajay Kavan acquired 2,621 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of GBX 1,142 ($15.48) per share, for a total transaction of £29,931.82 ($40,574.52). Corporate insiders own 34.28% 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.