Dunelm Group (LON:DNLM) Price Target Raised to GBX 1,320

Dunelm Group (LON:DNLM - Get Free Report) had its price target hoisted by Canaccord Genuity Group from GBX 1,270 ($17.26) to GBX 1,320 ($17.93) in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 9.27% from the stock's current price.

A number of other brokerages have also commented on DNLM. Berenberg Bank boosted their price objective on Dunelm Group from GBX 1,430 ($19.43) to GBX 1,480 ($20.11) and gave the stock a "buy" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 1,280 ($17.39) price objective on shares of Dunelm Group in a report on Monday, July 14th. Shore Capital reiterated a "not rated" rating on shares of Dunelm Group in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price target on Dunelm Group from GBX 1,170 ($15.90) to GBX 1,225 ($16.64) and gave the company a "neutral" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,326 ($18.02).

Dunelm Group Trading Up 1.8%

DNLM traded up GBX 21 ($0.29) during midday trading on Thursday, hitting GBX 1,208 ($16.41). 472,416 shares of the company were exchanged, compared to its average volume of 639,307. The firm has a market capitalization of £2.44 billion, a P/E ratio of 16.08, a P/E/G ratio of -10.32 and a beta of 1.18. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The firm's 50 day moving average price is GBX 1,172.92 and its 200-day moving average price is GBX 1,053.13. Dunelm Group has a 1-year low of GBX 836.61 ($11.37) and a 1-year high of GBX 1,279 ($17.38).

Insider Buying and Selling at Dunelm Group

In other news, insider Ajay Kavan bought 2,621 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of GBX 1,142 ($15.52) per share, with a total value of £29,931.82 ($40,668.23). Also, insider Karen Witts sold 24,277 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of GBX 1,178 ($16.01), for a total transaction of £285,983.06 ($388,563.94). Corporate insiders own 34.28% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.