Debenhams Capital (LON:DEBS) Stock Price Up 18.2% – Should You Buy?

Debenhams Capital PLC (LON:DEBS)’s stock price rose 18.2% during trading on Thursday . The company traded as high as GBX 27.60 and last traded at GBX 27.19. Approximately 34,233,137 shares were traded during trading, an increase of 579% from the average daily volume of 5,041,485 shares. The stock had previously closed at GBX 23.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of Debenhams Capital in a research note on Thursday, August 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of GBX 15.

Debenhams Capital Price Performance

The company has a market capitalization of £371.88 million and a PE ratio of -1.36. The stock’s 50 day moving average price is GBX 13.29.

Debenhams Capital (LON:DEBS) last released its earnings results on Thursday, November 27th. The company reported GBX (0.51) earnings per share for the quarter.

Insiders Place Their Bets

In other news, insider John Goold acquired 200,000 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was acquired at an average cost of GBX 13 per share, with a total value of £26,000. Also, insider Phil Ellis purchased 162,881 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were bought at an average price of GBX 1,227 per share, with a total value of £1,998,549.87. Over the last quarter, insiders have purchased 663,042 shares of company stock valued at $206,357,080. 15.03% of the stock is owned by corporate insiders.

Debenhams Capital Company Profile

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.