Dunelm Group (LON:DNLM) Price Target Raised to GBX 1,480 at Berenberg Bank

Dunelm Group (LON:DNLM - Get Free Report) had its price target upped by research analysts at Berenberg Bank from GBX 1,430 ($19.20) to GBX 1,480 ($19.87) in a report issued on Thursday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective indicates a potential upside of 22.46% from the stock's previous close.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Dunelm Group from GBX 1,170 ($15.71) to GBX 1,225 ($16.45) and gave the stock a "neutral" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 1,280 ($17.19) price objective on shares of Dunelm Group in a report on Monday. Finally, Shore Capital reissued a "not rated" rating on shares of Dunelm Group in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,316 ($17.67).

Dunelm Group Stock Up 1.8%

Shares of LON:DNLM traded up GBX 21.60 ($0.29) during midday trading on Thursday, reaching GBX 1,208.60 ($16.23). The company's stock had a trading volume of 440,589 shares, compared to its average volume of 652,060. 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 has a 50 day moving average of GBX 1,169.67 and a 200-day moving average of GBX 1,049.43. The firm has a market capitalization of £2.44 billion, a P/E ratio of 16.09, a PEG ratio of -10.32 and a beta of 1.18. Dunelm Group has a 12-month low of GBX 836.61 ($11.23) and a 12-month high of GBX 1,279 ($17.17).

Insider Activity at Dunelm Group

In other news, insider Karen Witts sold 24,277 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of GBX 1,178 ($15.82), for a total value of £285,983.06 ($384,024.52). Also, insider Ajay Kavan acquired 2,621 shares of Dunelm Group stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of GBX 1,142 ($15.34) per share, for a total transaction of £29,931.82 ($40,193.12). 34.28% of the stock is owned by corporate 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.

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