Dunelm Group (LON:DNLM) Given Buy Rating at Berenberg Bank

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 1,430 ($18.25) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 26.10% from the company’s current price.

A number of other brokerages have also recently commented on DNLM. JPMorgan Chase & Co. raised their target price 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. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reiterated 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, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,325 ($16.91) price target on shares of Dunelm Group in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dunelm Group presently has a consensus rating of “Hold” and a consensus target price of GBX 1,237 ($15.78).

Dunelm Group Price Performance

Dunelm Group stock opened at GBX 1,134 ($14.47) on Thursday. The company’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 1 year low of GBX 959 ($12.24) and a 1 year high of GBX 1,279 ($16.32). The company has a market capitalization of £2.29 billion, a price-to-earnings ratio of 1,532.43, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18.

Insider Activity at Dunelm Group

In other Dunelm Group news, insider Karen Witts bought 8,375 shares of Dunelm Group stock in a transaction dated Thursday, October 31st. The stock was acquired 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 stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 1,161 ($14.81), for a total transaction 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.