Berenberg Bank Boosts Dunelm Group (LON:DNLM) Price Target to GBX 1,470

Dunelm Group (LON:DNLM) had its price objective boosted by Berenberg Bank from GBX 1,410 ($18.63) to GBX 1,470 ($19.42) in a research note released on Tuesday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group upped their price objective on Dunelm Group from GBX 1,250 ($16.51) to GBX 1,325 ($17.50) and gave the stock a buy rating in a research report on Saturday, July 20th. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a GBX 1,060 ($14.00) target price on shares of Dunelm Group in a report on Thursday, September 12th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dunelm Group currently has a consensus rating of Hold and a consensus price target of GBX 1,224.17 ($16.17).

Dunelm Group Stock Up 0.5 %

Shares of DNLM opened at GBX 1,241 ($16.39) on Tuesday. The firm has a 50 day simple moving average of GBX 1,211.44 and a two-hundred day simple moving average of GBX 1,120.03. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. Dunelm Group has a one year low of GBX 959 ($12.67) and a one year high of GBX 1,279 ($16.90). The company has a market cap of £2.51 billion, a P/E ratio of 1,677.03, a P/E/G ratio of -10.32 and a beta of 1.18.

Dunelm Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, October 31st will be paid a dividend of GBX 27.50 ($0.36) per share. This represents a dividend yield of 2.23%. The ex-dividend date is Thursday, October 31st. Dunelm Group’s payout ratio is currently 5,945.95%.

Dunelm Group Company Profile

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.