Insider Buying: Debenhams Plc (DEB) Insider Buys 169,000 Shares of Stock

Debenhams Plc (LON:DEB) insider Sergio Bucher acquired 169,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were bought at an average cost of GBX 30 ($0.41) per share, with a total value of £50,700 ($68,755.09).

Shares of Debenhams Plc (LON:DEB) opened at GBX 29.66 ($0.40) on Tuesday. Debenhams Plc has a 1 year low of GBX 27.10 ($0.37) and a 1 year high of GBX 59.01 ($0.80). The firm has a market cap of $364.17 and a PE ratio of 741.50.

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

A number of research analysts recently commented on DEB shares. Peel Hunt reaffirmed a “hold” rating and issued a GBX 55 ($0.75) price target on shares of Debenhams in a report on Tuesday, September 19th. Deutsche Bank lowered their price target on shares of Debenhams from GBX 45 ($0.61) to GBX 42 ($0.57) and set a “hold” rating for the company in a report on Friday, December 8th. Citigroup reaffirmed a “neutral” rating and issued a GBX 30 ($0.41) price target on shares of Debenhams in a report on Friday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 38 ($0.52) price target on shares of Debenhams in a report on Friday, October 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 47 ($0.64) price target on shares of Debenhams in a report on Tuesday, January 2nd. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 36.79 ($0.50).

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About Debenhams

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.

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