Dunelm Group’s (DNLM) “Buy” Rating Reiterated at Berenberg Bank

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report released on Thursday,Digital Look reports. They currently have a GBX 1,430 ($18.25) price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 26.10% from the company’s current price.

A number of other research firms also recently commented on DNLM. Shore Capital reissued a “not rated” rating on shares of Dunelm Group in a research report on Thursday, October 24th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,325 ($16.91) price objective on shares of Dunelm Group in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,060 ($13.53) target price on shares of Dunelm Group in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lifted their price target on Dunelm Group from GBX 1,140 ($14.55) to GBX 1,170 ($14.93) and gave the company a “neutral” rating in a report on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,237 ($15.78).

Dunelm Group Stock Performance

Shares of LON:DNLM opened at GBX 1,134 ($14.47) on Thursday. The firm’s 50 day simple moving average is GBX 1,156.38 and its 200-day simple moving average is GBX 1,155.79. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. Dunelm Group has a one year low of GBX 959 ($12.24) and a one year high of GBX 1,279 ($16.32). The firm has a market cap of £2.29 billion, a PE ratio of 1,532.43, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18.

Insiders Place Their Bets

In related news, insider Karen Witts purchased 8,375 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of GBX 1,126 ($14.37) per share, with a total value of £94,302.50 ($120,329.85). Also, insider Nick Wilkinson sold 28,236 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 1,161 ($14.81), for a total value of £327,819.96 ($418,297.77). Insiders own 34.28% of the company’s stock.

About Dunelm Group

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.