Dunelm Group (LON:DNLM) Receives Buy Rating from UBS Group

Key Points

• UBS Group has reaffirmed a "buy" rating for Dunelm Group (LON:DNLM) with a price target of GBX 1,385, suggesting a potential upside of 14.56% from its previous close.
• Several other analysts have also rated Dunelm Group positively, with the consensus rating classified as "Moderate Buy" and an average price target of GBX 1,349.17.
• As of Friday, Dunelm Group's stock opened at GBX 1,209 and has seen a 0.9% increase during the trading session.

UBS Group reiterated their buy rating on shares of Dunelm Group (LON:DNLM - Free Report) in a report released on Friday, MarketBeat Ratings reports. The firm currently has a GBX 1,385 price target on the stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Dunelm Group from GBX 1,170 to GBX 1,225 and gave the company a "neutral" rating in a report on Friday, July 18th. Berenberg Bank boosted their target price on shares of Dunelm Group from GBX 1,430 to GBX 1,480 and gave the company a "buy" rating in a report on Thursday, July 17th. Canaccord Genuity Group boosted their target price on shares of Dunelm Group from GBX 1,270 to GBX 1,320 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a "buy" rating in a report on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,349.17.

Dunelm Group Price Performance

DNLM stock traded up GBX 27 during mid-day trading on Friday, reaching GBX 1,225. The company's stock had a trading volume of 10,905,603 shares, compared to its average volume of 654,356. The stock has a market cap of £2.47 billion, a PE ratio of 1,637.70, a P/E/G ratio of -10.32 and a beta of 1.18. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. Dunelm Group has a fifty-two week low of GBX 836.61 and a fifty-two week high of GBX 1,259. The company's 50 day moving average is GBX 1,189.91 and its two-hundred day moving average is GBX 1,102.41.

Insiders Place Their Bets

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

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.