Dunelm Group (LON:DNLM) Given Buy Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reaffirmed a "buy" rating for Dunelm Group, with a price objective of GBX 1,320, suggesting a potential upside of 20.14% from its current trading price.
• Multiple investment analysts have rated Dunelm Group, with five giving it a buy rating and one a hold, resulting in an average rating of "Moderate Buy" and a consensus price target of GBX 1,349.17.
• Dunelm Group's shares are currently trading around GBX 1,098.74, with a 12-month high of GBX 1,259 and a low of GBX 836.61, indicating variability in performance over the past year.

Canaccord Genuity Group reissued their buy rating on shares of Dunelm Group (LON:DNLM - Free Report) in a report published on Wednesday, Marketbeat reports. They currently have a GBX 1,320 price objective on the stock.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Berenberg Bank raised their price objective on Dunelm Group from GBX 1,430 to GBX 1,480 and gave the company a "buy" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised their price objective on Dunelm Group from GBX 1,170 to GBX 1,225 and gave the company a "neutral" rating in a research note on Friday, July 18th. Shore Capital reissued a "no recommendation" rating on shares of Dunelm Group in a research note on Tuesday, September 9th. Finally, UBS Group reaffirmed a "buy" rating and issued a GBX 1,385 price target on shares of Dunelm Group in a research report on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Dunelm Group has an average rating of "Moderate Buy" and a consensus target price of GBX 1,315.71.

Dunelm Group Stock Performance

Shares of DNLM stock traded down GBX 15.78 during trading on Wednesday, reaching GBX 1,064.22. The company had a trading volume of 299,021 shares, compared to its average volume of 649,615. The firm's 50 day simple moving average is GBX 1,184.31 and its two-hundred day simple moving average is GBX 1,105.99. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. Dunelm Group has a one year low of GBX 836.61 and a one year high of GBX 1,255.03. The company has a market capitalization of £2.14 billion, a PE ratio of 1,422.76, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported GBX 77.20 earnings per share for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. Sell-side analysts forecast that Dunelm Group will post 77.0957096 earnings per share for the current year.

Insider Activity

In other news, insider Karen Witts sold 24,277 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of GBX 1,178, for a total transaction of £285,983.06. Corporate insiders own 39.14% of the company's stock.

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.