Berenberg Bank Forecasts Strong Price Appreciation for Dunelm Group (LON:DNLM) Stock

Dunelm Group (LON:DNLM) had its price target hoisted by stock analysts at Berenberg Bank from GBX 1,430 ($19.19) to GBX 1,480 ($19.87) in a report released on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 22.17% from the company’s current price.

A number of other research analysts also recently commented on DNLM. Shore Capital reaffirmed a “not rated” rating on shares of Dunelm Group in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,280 ($17.18) price objective on shares of Dunelm Group in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Dunelm Group from GBX 1,170 ($15.70) to GBX 1,225 ($16.44) and gave the company a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Dunelm Group presently has an average rating of “Moderate Buy” and an average price target of GBX 1,316 ($17.66).

Dunelm Group Trading Up 2.1%

LON:DNLM opened at GBX 1,211.43 ($16.26) on Thursday. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The business’s 50 day moving average is GBX 1,170.85 and its two-hundred day moving average is GBX 1,050.41. Dunelm Group has a 52 week low of GBX 836.61 ($11.23) and a 52 week high of GBX 1,279 ($17.17). The company has a market cap of £2.44 billion, a PE ratio of 16.13, a P/E/G ratio of -10.32 and a beta of 1.18.

Insider Buying and Selling

In other Dunelm Group news, insider Ajay Kavan bought 2,621 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of GBX 1,142 ($15.33) per share, with a total value of £29,931.82 ($40,176.94). Also, insider Karen Witts sold 24,277 shares of Dunelm Group stock in a transaction on Monday, June 16th. The shares were sold at an average price of GBX 1,178 ($15.81), for a total value of £285,983.06 ($383,869.88). 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.