Dunelm Group plc (LON:DNLM) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Dunelm Group has a “Moderate Buy” consensus rating from nine analysts, with eight buy ratings and one sell rating. The average 12-month price target is GBX 1,111.11.
• Several analysts recently lowered their price targets, although they maintained positive ratings; targets now range from GBX 1,000 to GBX 1,200.
• The shares opened at GBX 809, within a 12-month range of GBX 707 to GBX 1,174. Insiders own 34.19% of the company, with recent transactions including purchases and a large sale by company insiders.

Dunelm Group plc (LON:DNLM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 1,111.11.

Several equities analysts have recently weighed in on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 1,200 price objective on shares of Dunelm Group in a report on Wednesday, September 9th. Canaccord Genuity Group lowered their target price on Dunelm Group from GBX 1,240 to GBX 1,185 and set a "buy" rating for the company in a research note on Thursday, September 10th. JPMorgan Chase & Co. dropped their target price on shares of Dunelm Group from GBX 1,225 to GBX 1,050 and set an "overweight" rating on the stock in a report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a "buy" rating on the stock in a research note on Wednesday, September 9th. Finally, Shore Capital Group reiterated a "buy" rating and issued a GBX 1,000 price target on shares of Dunelm Group in a report on Friday, September 18th.

Insiders Place Their Bets

In other Dunelm Group news, insider Clodagh Moriarty sold 47,817 shares of Dunelm Group stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 800, for a total value of £382,536. Also, insider Alison Brittain purchased 10,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average price of GBX 732 per share, for a total transaction of £73,200. Insiders purchased a total of 18,302 shares of company stock worth $13,633,906 in the last ninety days. 34.19% of the stock is owned by insiders.

Dunelm Group Stock Performance

Shares of Dunelm Group stock opened at GBX 809 on Wednesday. The stock's fifty day simple moving average is GBX 844.01 and its 200 day simple moving average is GBX 813.21. The company has a current ratio of 1.02, a quick ratio of 0.16 and a debt-to-equity ratio of 258.52. The company has a market capitalization of £1.63 billion, a PE ratio of 11.01, a PEG ratio of -10.32 and a beta of 0.97. Dunelm Group has a 12 month low of GBX 707 and a 12 month high of GBX 1,174.

Dunelm Group (LON:DNLM - Get Free Report) last posted its 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 99.65% and a net margin of 8.52%. On average, research analysts predict that Dunelm Group will post 77.0957096 EPS for the current 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.