Dunelm Group (LON:DNLM) Share Price Passes Above Two Hundred Day Moving Average of $1,080.18

Dunelm Group plc (LON:DNLM)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,080.18 ($13.70) and traded as high as GBX 1,082 ($13.73). Dunelm Group shares last traded at GBX 1,077 ($13.66), with a volume of 226,899 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on DNLM shares. Berenberg Bank restated a “buy” rating and issued a GBX 1,410 ($17.89) price target on shares of Dunelm Group in a research note on Thursday, April 18th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,200 ($15.22) price target on shares of Dunelm Group in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,189 ($15.08).

Dunelm Group Stock Performance

The firm has a fifty day simple moving average of GBX 1,047.01 and a 200-day simple moving average of GBX 1,080.08. The company has a market cap of £2.15 billion, a PE ratio of 1,457.53, a price-to-earnings-growth ratio of -10.32 and a beta of 1.10. The company has a quick ratio of 0.16, a current ratio of 1.06 and a debt-to-equity ratio of 169.49.

Insiders Place Their Bets

In other news, insider Ajay Kavan acquired 2,450 shares of the company’s stock in a transaction on Monday, May 20th. The shares were bought at an average price of GBX 1,020 ($12.94) per share, with a total value of £24,990 ($31,701.13). Corporate insiders own 44.06% 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.