Dunelm Group (LON:DNLM) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Dunelm Group (LON:DNLM) in a report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 1,320 price objective on the stock.

Several other brokerages also recently commented on DNLM. UBS Group reaffirmed a “buy” rating and set a GBX 1,385 price objective on shares of Dunelm Group in a research note on Friday, September 5th. Berenberg Bank upped their price objective on shares of Dunelm Group from GBX 1,430 to GBX 1,480 and gave the company a “buy” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Dunelm Group from GBX 1,170 to GBX 1,225 and gave the company a “neutral” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Shore Capital reaffirmed a “no recommendation” rating on shares of Dunelm Group in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,349.17.

Dunelm Group Stock Performance

Dunelm Group stock opened at GBX 1,088.31 on Wednesday. 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 company has a market capitalization of £2.19 billion, a PE ratio of 1,454.96, a P/E/G ratio of -10.32 and a beta of 1.18. The firm has a fifty day simple moving average of GBX 1,187.96 and a two-hundred day simple moving average of GBX 1,103.98. Dunelm Group has a twelve month low of GBX 836.61 and a twelve month high of GBX 1,259.

Dunelm Group (LON:DNLM) last issued its quarterly earnings data on Tuesday, September 9th. The company reported GBX 77.20 EPS for the quarter. Dunelm Group had a net margin of 8.86% and a return on equity of 96.64%. Research analysts expect that Dunelm Group will post 77.0957096 EPS for the current year.

Insider Activity

In related news, insider Karen Witts sold 24,277 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of GBX 1,178, for a total transaction of £285,983.06. 39.14% of the stock is owned by corporate insiders.

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.