Dunelm Group (LON:DNLM) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Dunelm Group (LON:DNLM) in a research note released on Thursday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 1,325 ($16.21) price target on the stock.

DNLM has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Dunelm Group from GBX 1,140 ($13.95) to GBX 1,170 ($14.32) and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,325 ($16.21) price target on shares of Dunelm Group in a report on Thursday, October 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,430 ($17.50) price target on shares of Dunelm Group in a research note on Thursday, December 5th. Finally, Shore Capital restated a “not rated” rating 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 three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,251.67 ($15.31).

Dunelm Group Price Performance

Shares of LON DNLM opened at GBX 975.94 ($11.94) on Thursday. The company has a 50 day simple moving average of GBX 1,093.95 and a two-hundred day simple moving average of GBX 1,154.60. Dunelm Group has a fifty-two week low of GBX 953 ($11.66) and a fifty-two week high of GBX 1,279 ($15.65). The company has a market capitalization of £1.97 billion, a price-to-earnings ratio of 1,318.84, a P/E/G 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.

Insiders Place Their Bets

In related news, insider Karen Witts bought 8,375 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was acquired at an average cost of GBX 1,126 ($13.78) per share, for a total transaction of £94,302.50 ($115,382.97). Also, 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 value of £327,819.96 ($401,101.14). 34.28% of the stock is owned by insiders.

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.