JPMorgan Chase & Co. Cuts Dunelm Group (LON:DNLM) Price Target to GBX 1,050

Dunelm Group (LON:DNLM) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from GBX 1,225 to GBX 1,050 in a report released on Wednesday, Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 37.61% from the stock’s previous close.

DNLM has been the subject of a number of other research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,200 price target on shares of Dunelm Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Dunelm Group to a “buy” rating and boosted their price objective for the stock from GBX 850 to GBX 1,050 in a research note on Thursday, September 3rd. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,000 target price on shares of Dunelm Group in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,122.78.

Dunelm Group Trading Up 0.4%

Shares of Dunelm Group stock opened at GBX 763 on Wednesday. The stock has a market cap of £1.54 billion, a P/E ratio of 10.38, a P/E/G ratio of -10.32 and a beta of 0.97. The company has a quick ratio of 0.16, a current ratio of 0.83 and a debt-to-equity ratio of 175.79. Dunelm Group has a 12-month low of GBX 707 and a 12-month high of GBX 1,174. The business’s 50 day moving average is GBX 858.19 and its 200-day moving average is GBX 833.50.

Dunelm Group (LON:DNLM) last released its earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a net margin of 8.29% and a return on equity of 105.88%. Equities research analysts predict that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Dunelm Group Company Profile

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.