Canaccord Genuity Group Reiterates Buy Rating for Dunelm Group (LON:DNLM)

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 1,325 ($16.12) price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 36.11% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Dunelm Group from GBX 1,140 ($13.87) to GBX 1,170 ($14.24) and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,325 ($16.12) target price on shares of Dunelm Group in a research report on Thursday, October 24th. Shore Capital reissued a “not rated” rating on shares of Dunelm Group in a report on Thursday, October 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,430 ($17.40) price objective on shares of Dunelm Group in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,251.67 ($15.23).

Dunelm Group Trading Up 0.5 %

Shares of DNLM opened at GBX 973.50 ($11.84) on Thursday. The stock has a fifty day moving average price of GBX 1,088.29 and a two-hundred day moving average price of GBX 1,152.05. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The company has a market cap of £1.97 billion, a price-to-earnings ratio of 1,315.54, a PEG ratio of -10.32 and a beta of 1.18. Dunelm Group has a 52-week low of GBX 953 ($11.60) and a 52-week high of GBX 1,279 ($15.56).

Insider Activity

In other news, insider Nick Wilkinson sold 28,236 shares of Dunelm Group stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 1,161 ($14.13), for a total transaction of £327,819.96 ($398,856.26). Also, insider Karen Witts purchased 8,375 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was purchased at an average cost of GBX 1,126 ($13.70) per share, with a total value of £94,302.50 ($114,737.19). 34.28% of the stock is currently owned by company 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.