Dunelm Group (LON:DNLM) Price Target Cut to GBX 1,050 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Dunelm Group’s price target from GBX 1,225 to GBX 1,050 but maintained an “overweight” rating, implying 37.61% potential upside from the current price.
• Analyst sentiment remains positive: eight analysts rate the stock a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and average target of GBX 1,122.78.
• Dunelm shares opened at GBX 763, near the lower end of their 1-year range of GBX 707 to GBX 1,174; the company recently reported quarterly EPS of GBX 77 and a net margin of 8.29%.

Dunelm Group (LON:DNLM - Get Free Report) had its target price lowered by JPMorgan Chase & Co. from GBX 1,225 to GBX 1,050 in a research report issued on Wednesday, Digital Look reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 37.61% from the company's current price.

A number of other research analysts also recently issued reports on the company. Shore Capital Group reiterated a "buy" rating and set a GBX 1,000 price objective on shares of Dunelm Group in a report on Tuesday. Berenberg Bank restated a "buy" rating and issued a GBX 1,200 target price on shares of Dunelm Group in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised Dunelm Group to a "buy" rating and upped their price target for the stock from GBX 850 to GBX 1,050 in a research report on Thursday, September 3rd. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,122.78.

Dunelm Group Price Performance

Shares of LON DNLM opened at GBX 763 on Wednesday. The firm has a market cap of £1.54 billion, a PE ratio of 10.38, a PEG ratio of -10.32 and a beta of 0.97. The company has a current ratio of 0.83, a quick ratio of 0.16 and a debt-to-equity ratio of 175.79. Dunelm Group has a 1-year low of GBX 707 and a 1-year high of GBX 1,174. The company has a fifty day moving average price of GBX 858.19 and a 200 day moving average price of GBX 833.50.

Dunelm Group (LON:DNLM - Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share (EPS) for the quarter. Dunelm Group had a return on equity of 105.88% and a net margin of 8.29%. Research analysts predict that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

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. The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.

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