JPMorgan Chase & Co. cuts Dunelm Group (LON:DNLM) price target to 1,130 GBX

Dunelm Group (LON:DNLM – Get Assessment) had its price target lowered by JPMorgan Chase & Co. from 1,230 GBX ($14.86) to 1,130 GBX ($13.65) in a research note released on Friday, reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would point to a potential upside of 44.59% from the company’s previous close.

Other equity research analysts have also recently released reports on the stock. Barclays reiterated an “overweight” rating and set a price target of 1,100 GBX ($13.29) on Dunelm Group shares in a research report on Friday. Royal Bank of Canada has downgraded Dunelm Group shares to an “sector performance” rating and cut its price target for the company from 1,400 GBX ($16.92) to 950 GBX ($11.48) in a Monday July 4 research report. Finally, Berenberg Bank reduced its price target on Dunelm Group shares from 1,200 GBX ($14.50) to 1,130 GBX ($13.65) and set a “buy” rating for the company. in a research report on Tuesday, July 26. Two equity research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average price target of 1,212 GBX ($14.64).

Performance of Dunelm group shares

DNLM fell 9.50 GBX ($0.11) during Friday’s trading, hitting 781.50 GBX ($9.44). The company’s shares had a trading volume of 305,111 shares, compared to an average volume of 382,525. The company’s fifty-day moving average price is 756.60 GBX and its 200-day moving average price is 840 .64GBX. Dunelm Group has a 52-week minimum of 659.50 GBX ($7.97) and a 52-week maximum of 1,453 GBX ($17.56). The company has a debt ratio of 185.59, a quick ratio of 0.20 and a current ratio of 1.08. The company has a market cap of £1.58 billion and a price to earnings ratio of 930.36.

Insider activity

Separately, insider Karen Witts acquired 1,174 shares in a trade dated Friday, August 5. The share was purchased at an average cost of 845 GBX ($10.21) per share, with a total value of £9,920.30 ($11,986.83). Separately, insider Karen Witts bought 1,174 shares of the company in a trade dated Friday, August 5. The shares were acquired at an average price of 845 GBX ($10.21) per share, for a total transaction of £9,920.30 ($11,986.83). Additionally, insider Andy Harrison acquired 33,206 shares of the company in a trade that took place on Thursday, September 15. The shares were acquired at an average price of 748 GBX ($9.04) per share, for a total transaction of £248,380.88 ($300,121.89).

Dunelm Group Company Profile

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Dunelm Group plc sells household goods in the UK. The company offers furniture for bedrooms, living rooms, dining rooms and offices; sofas and armchairs; bean bags; bed frames, mattresses, storage beds, box springs and headboards, and children’s beds; and bedding products, such as bed linen, duvets, pillows, mattress toppers, mattress protectors, and baby and children’s bedding.

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Analyst Recommendations for Dunelm Group (LON:DNLM)

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