Canaccord Genuity Group Reaffirms “Buy” Rating for Dunelm Group (LON:DNLM)

Canaccord Genuity Group reissued their buy rating on shares of Dunelm Group (LON:DNLM) in a research note issued to investors on Tuesday, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 1,325 ($17.50) price target on the stock.

DNLM has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a GBX 1,060 ($14.00) price objective on shares of Dunelm Group in a research report on Thursday, September 12th. Berenberg Bank boosted their target price on Dunelm Group from GBX 1,410 ($18.63) to GBX 1,470 ($19.42) and gave the company a buy rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of GBX 1,224.17 ($16.17).

Dunelm Group Stock Up 0.5 %

Shares of LON:DNLM opened at GBX 1,241 ($16.39) on Tuesday. The stock has a market capitalization of £2.51 billion, a P/E ratio of 1,677.03, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The stock’s 50-day moving average price is GBX 1,211.44 and its 200-day moving average price is GBX 1,120.03. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. Dunelm Group has a 12-month low of GBX 959 ($12.67) and a 12-month high of GBX 1,279 ($16.90).

Dunelm Group Cuts Dividend

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

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.