Debenhams Plc (DEB) Insider Sergio Bucher Buys 169,000 Shares

Debenhams Plc (LON:DEB) insider Sergio Bucher acquired 169,000 shares of Debenhams stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average price of GBX 30 ($0.40) per share, for a total transaction of £50,700 ($67,789.81).

Shares of Debenhams Plc (DEB) traded down GBX 0.68 ($0.01) during midday trading on Monday, reaching GBX 29.66 ($0.40). The company’s stock had a trading volume of 11,123,004 shares, compared to its average volume of 5,180,000. Debenhams Plc has a 1 year low of GBX 27.10 ($0.36) and a 1 year high of GBX 59.01 ($0.79). The firm has a market capitalization of $365.40 and a price-to-earnings ratio of 741.50.

The business also recently announced a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 7th will be given a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Debenhams’s previous dividend of $1.03. This represents a yield of 5.71%.

Several equities analysts recently issued reports on the company. Investec reduced their price objective on Debenhams from GBX 34 ($0.45) to GBX 28 ($0.37) and set a “hold” rating on the stock in a research note on Friday. Canaccord Genuity reduced their price objective on Debenhams from GBX 44 ($0.59) to GBX 28 ($0.37) and set a “hold” rating on the stock in a research note on Friday. Berenberg Bank reduced their price objective on Debenhams from GBX 37 ($0.49) to GBX 19 ($0.25) and set a “sell” rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Debenhams from GBX 38 ($0.51) to GBX 26 ($0.35) and set an “underweight” rating on the stock in a research note on Friday. Finally, Deutsche Bank reduced their price objective on Debenhams from GBX 37 ($0.49) to GBX 33 ($0.44) and set a “hold” rating on the stock in a research note on Friday. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 36.79 ($0.49).

ILLEGAL ACTIVITY NOTICE: “Debenhams Plc (DEB) Insider Sergio Bucher Buys 169,000 Shares” was published by Equities Focus and is the property of of Equities Focus. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.equitiesfocus.com/2018/01/08/debenhams-plc-deb-insider-sergio-bucher-buys-169000-shares.html.

Debenhams Company Profile

Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.

Receive News & Ratings for Debenhams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Debenhams and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply