Dunelm Group (LON:DNLM) Price Target Raised to GBX 1,360

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Dunelm Group from GBX 1,320 to GBX 1,360, suggesting a potential upside of 11.84% from the current price.
• Multiple analysts have issued positive ratings for the stock, with Berenberg Bank setting a new price target of GBX 1,480, indicating strong investor confidence.
• Dunelm Group's stock has seen a slight decline of 0.4%, currently priced at GBX 1,216, despite a significant potential upside noted by analysts.

Dunelm Group (LON:DNLM - Get Free Report) had its price objective increased by Deutsche Bank Aktiengesellschaft from GBX 1,320 to GBX 1,360 in a research note issued on Tuesday, Marketbeat reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 13.33% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Berenberg Bank boosted their price objective on Dunelm Group from GBX 1,430 to GBX 1,480 and gave the company a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. boosted their target price on Dunelm Group from GBX 1,170 to GBX 1,225 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, Canaccord Genuity Group boosted their target price on Dunelm Group from GBX 1,270 to GBX 1,320 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,342.

Dunelm Group Stock Down 1.6%

Shares of Dunelm Group stock traded down GBX 20 on Tuesday, reaching GBX 1,200. The company's stock had a trading volume of 708,181 shares, compared to its average volume of 602,314. The company has a market capitalization of £2.42 billion, a price-to-earnings ratio of 1,604.28, a P/E/G ratio of -10.32 and a beta of 1.18. The firm's fifty day simple moving average is GBX 1,187.53 and its two-hundred day simple moving average is GBX 1,096.03. Dunelm Group has a 52 week low of GBX 836.61 and a 52 week high of GBX 1,279. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84.

Insider Buying and Selling at Dunelm Group

In other news, insider Karen Witts sold 24,277 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of GBX 1,178, for a total value of £285,983.06. 39.14% of the stock is owned by insiders.

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.