Dunelm Group (LON:DNLM) Earns Buy Rating from Canaccord Genuity Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They currently have a GBX 1,325 ($16.22) price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 36.81% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a research note on Thursday, October 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,430 ($17.50) target price on shares of Dunelm Group in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price target on shares of Dunelm Group from GBX 1,140 ($13.95) to GBX 1,170 ($14.32) and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,325 ($16.22) price target on shares of Dunelm Group in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,251.67 ($15.32).

Dunelm Group Stock Down 6.0 %

DNLM stock traded down GBX 61.50 ($0.75) on Thursday, hitting GBX 968.50 ($11.85). 1,361,221 shares of the company’s stock were exchanged, compared to its average volume of 2,007,236. The firm has a 50 day moving average price of GBX 1,095.85 and a two-hundred day moving average price of GBX 1,154.84. Dunelm Group has a 12-month low of GBX 953 ($11.66) and a 12-month high of GBX 1,279 ($15.65). The stock has a market cap of £1.96 billion, a P/E ratio of 1,308.78, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Nick Wilkinson sold 28,236 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 1,161 ($14.21), for a total transaction of £327,819.96 ($401,248.42). Also, insider Karen Witts purchased 8,375 shares of Dunelm Group stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of GBX 1,126 ($13.78) per share, with a total value of £94,302.50 ($115,425.34). Company insiders own 34.28% of the company’s stock.

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.