Debenhams Capital (LON:DEBS) Shares Down 2.3% – What’s Next?

Debenhams Capital PLC (LON:DEBS)’s share price was down 2.3% on Thursday . The company traded as low as GBX 17.10 and last traded at GBX 17.10. Approximately 3,514,567 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 4,703,794 shares. The stock had previously closed at GBX 17.50.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DEBS shares. Shore Capital Group reaffirmed a “hold” rating on shares of Debenhams Capital in a research report on Tuesday, March 31st. Peel Hunt reissued a “hold” rating and issued a GBX 20 price objective on shares of Debenhams Capital in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Debenhams Capital has a consensus rating of “Reduce” and an average target price of GBX 17.50.

Debenhams Capital Stock Performance

The business’s 50-day moving average price is GBX 18.92 and its 200 day moving average price is GBX 18.71. The company has a market cap of £268.45 million and a P/E ratio of -1.69.

About Debenhams Capital

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.

Almost half of our products are designed and sourced in the UK and distributed globally from our international distribution centres based in the North of England.