Dunelm Group plc (LON:DNLM) Receives Average Recommendation of “Moderate Buy” from Analysts

Dunelm Group plc (LON:DNLM) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,326 ($17.52).

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Dunelm Group from GBX 1,270 ($16.78) to GBX 1,320 ($17.44) and gave the stock a “buy” rating in a research note on Thursday, July 24th. Shore Capital reissued a “not rated” rating on shares of Dunelm Group in a research note on Thursday, April 17th. Berenberg Bank lifted their target price on shares of Dunelm Group from GBX 1,430 ($18.89) to GBX 1,480 ($19.55) and gave the stock a “buy” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised their price target on shares of Dunelm Group from GBX 1,170 ($15.46) to GBX 1,225 ($16.18) and gave the stock a “neutral” rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,280 ($16.91) price target on shares of Dunelm Group in a report on Monday, July 14th.

Insiders Place Their Bets

In other Dunelm Group news, insider Karen Witts sold 24,277 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of GBX 1,178 ($15.56), for a total value of £285,983.06 ($377,784.76). Also, insider Ajay Kavan purchased 2,621 shares of Dunelm Group stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of GBX 1,142 ($15.09) per share, with a total value of £29,931.82 ($39,540.05). Company insiders own 34.28% of the company’s stock.

Dunelm Group Price Performance

Dunelm Group stock opened at GBX 1,216 ($16.06) on Friday. The stock’s 50 day moving average is GBX 1,175.56 and its 200 day moving average is GBX 1,060.96. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The firm has a market cap of £2.45 billion, a P/E ratio of 16.19, a P/E/G ratio of -10.32 and a beta of 1.18. Dunelm Group has a one year low of GBX 836.61 ($11.05) and a one year high of GBX 1,279 ($16.90).

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.