Dunelm Group (LON:DNLM) Receives "Buy" Rating from Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Dunelm Group and set a GBX 1,200 price target, implying 57.27% potential upside from the previous close.
• Analyst sentiment remains favorable, with eight Buy ratings and one Sell rating; Dunelm has a consensus “Moderate Buy” rating and an average price target of GBX 1,122.78.
• Dunelm reported quarterly earnings of GBX 77 per share, alongside a 105.88% return on equity and an 8.29% net margin.

Dunelm Group (LON:DNLM - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 1,200 target price on the stock. Berenberg Bank's price objective points to a potential upside of 57.27% from the stock's previous close.

A number of other research firms have also issued reports on DNLM. Deutsche Bank Aktiengesellschaft upgraded shares of Dunelm Group to a "buy" rating and upped their target price for the company from GBX 850 to GBX 1,050 in a report on Thursday, September 3rd. Shore Capital Group reiterated a "buy" rating and set a GBX 1,000 price target on shares of Dunelm Group in a report on Tuesday. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dunelm Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,122.78.

Dunelm Group Stock Performance

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

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

About Dunelm Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.