Dunelm Group plc (LON:DNLM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Dunelm Group has a “Moderate Buy” consensus from nine analysts, with seven buy ratings, one hold and one sell. The average 12-month price target is GBX 1,177.22.
• Several brokers recently reduced their targets, including Canaccord Genuity to GBX 1,240 and Berenberg to GBX 1,350, while maintaining buy ratings.
• The shares opened at GBX 885.50 and were down 0.7%, with a market capitalization of approximately £1.79 billion and a 12-month trading range of GBX 707 to GBX 1,248.

Shares of Dunelm Group plc (LON:DNLM - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,177.22.

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group cut their target price on Dunelm Group from GBX 1,280 to GBX 1,240 and set a "buy" rating for the company in a research report on Friday, April 17th. Berenberg Bank lowered their price target on Dunelm Group from GBX 1,425 to GBX 1,350 and set a "buy" rating on the stock in a research report on Friday, April 17th. Shore Capital Group reissued a "buy" rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a research note on Thursday, July 16th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 1,075 price objective on shares of Dunelm Group in a research note on Thursday, April 16th.

Dunelm Group Trading Down 0.7%

Dunelm Group stock opened at GBX 885.50 on Tuesday. Dunelm Group has a 12-month low of GBX 707 and a 12-month high of GBX 1,248. The company has a debt-to-equity ratio of 175.79, a current ratio of 0.83 and a quick ratio of 0.16. The stock has a market capitalization of £1.79 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of -10.32 and a beta of 0.97. The firm has a 50 day simple moving average of GBX 823.97 and a 200-day simple moving average of GBX 844.77.

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. The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.

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