Debenhams Capital (LON:DEBS) Trading Up 8.3% - Here's What Happened

Key Points

• Debenhams Capital PLC saw its stock price increase by 8.3%, reaching GBX 13.10 ($0.18) after changing hands for approximately 5.7 million shares.
• Analysts have a consensus rating of "Reduce" for Debenhams Capital, with price targets decreasing from GBX 26 to GBX 15 by Deutsche Bank.
• Insider transactions show significant buying activity, with insiders acquiring 663,042 shares in the last 90 days, indicating confidence in the company's future.

Debenhams Capital PLC (LON:DEBS - Get Free Report) was up 8.3% on Wednesday . The company traded as high as GBX 13.10 ($0.18) and last traded at GBX 13.10 ($0.18). Approximately 5,748,682 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 4,377,148 shares. The stock had previously closed at GBX 12.10 ($0.16).

Analysts Set New Price Targets

DEBS has been the subject of a number of analyst reports. Shore Capital restated a "hold" rating on shares of Debenhams Capital in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Debenhams Capital from GBX 26 to GBX 15 and set a "sell" rating on the stock in a research note on Friday, August 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of GBX 15.

Debenhams Capital Stock Up 8.3%

The firm has a market capitalization of £176.51 million and a PE ratio of -0.65. The stock's 50-day simple moving average is GBX 13.30.

Debenhams Capital (LON:DEBS - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported GBX (3.34) EPS for the quarter.

Insider Activity at Debenhams Capital

In other news, insider Phil Ellis purchased 162,881 shares of the business's stock in a transaction on Monday, September 29th. The stock was purchased at an average price of GBX 1,227 per share, with a total value of £1,998,549.87. Also, insider Iain McDonald purchased 50,000 shares of the business's stock in a transaction on Monday, September 22nd. The stock was purchased at an average cost of GBX 13 per share, with a total value of £6,500. Insiders acquired a total of 663,042 shares of company stock worth $206,357,080 in the last 90 days. 15.03% of the stock is owned by company insiders.

Debenhams Capital Company Profile

Founded in the heart of Manchester's historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.

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