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

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 1,325 ($16.22) target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 36.81% from the stock’s current price.

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

Dunelm Group Price Performance

Shares of LON DNLM traded down GBX 61.50 ($0.75) during mid-day trading on Thursday, reaching GBX 968.50 ($11.85). The company’s stock had a trading volume of 1,361,221 shares, compared to its average volume of 2,007,236. The stock has a market capitalization of £1.96 billion, a P/E ratio of 1,308.78, a P/E/G ratio of -10.32 and a beta of 1.18. Dunelm Group has a 1-year low of GBX 953 ($11.66) and a 1-year high of GBX 1,279 ($15.65). The stock has a 50-day moving average of GBX 1,095.85 and a two-hundred day moving average of GBX 1,154.84. 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 related news, insider Karen Witts purchased 8,375 shares of the company’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 ($115,425.34). Also, insider Nick Wilkinson sold 28,236 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 1,161 ($14.21), for a total transaction of £327,819.96 ($401,248.42). 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.