Dunelm Group plc (DNLM) Given Neutral Rating at Citigroup Inc

Citigroup Inc reaffirmed their neutral rating on shares of Dunelm Group plc (LON:DNLM) in a research note released on Wednesday morning. The brokerage currently has a GBX 640 ($7.90) target price on the stock.

DNLM has been the subject of several other research reports. Deutsche Bank AG reissued a hold rating and set a GBX 865 ($10.68) price target on shares of Dunelm Group plc in a research report on Tuesday, January 3rd. Royal Bank of Canada restated an underperform rating and issued a GBX 775 ($9.57) target price on shares of Dunelm Group plc in a report on Thursday, January 12th. HSBC Holdings plc restated a buy rating and issued a GBX 925 ($11.42) target price on shares of Dunelm Group plc in a report on Monday, January 23rd. Jefferies Group LLC cut shares of Dunelm Group plc to an underperform rating and dropped their target price for the stock from GBX 700 ($8.65) to GBX 650 ($8.03) in a report on Friday, January 13th. Finally, Peel Hunt restated a hold rating and issued a GBX 750 ($9.26) target price on shares of Dunelm Group plc in a report on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Dunelm Group plc presently has a consensus rating of Hold and a consensus target price of GBX 773 ($9.55).

Dunelm Group plc (LON:DNLM) opened at 648.00 on Wednesday. Dunelm Group plc has a 12-month low of GBX 610.00 and a 12-month high of GBX 999.00. The stock has a 50 day moving average of GBX 645.40 and a 200 day moving average of GBX 753.67. The company’s market cap is GBX 1.31 billion.

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The business also recently announced a dividend, which will be paid on Thursday, April 13th. Investors of record on Thursday, March 23rd will be issued a GBX 6.50 ($0.08) dividend. This represents a yield of 1.04%. The ex-dividend date is Thursday, March 23rd.

In related news, insider Andy Harrison bought 31,527 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were bought at an average price of GBX 625 ($7.72) per share, for a total transaction of £197,043.75 ($243,354.02). Also, insider William Reeve bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The stock was bought at an average price of GBX 626 ($7.73) per share, for a total transaction of £12,520 ($15,462.52). Insiders purchased 97,464 shares of company stock worth $61,052,854 in the last 90 days.

About Dunelm Group plc

Dunelm Group plc is a United Kingdom-based company, which operates in the homewares market. The Company operates through the retail of homewares in the United Kingdom segment. The Company specializes in soft furnishings and other homeware. The Company also owns Dorma brand. The Company is a homewares retailer, which provides a range of products to its customer base, under the brand name Dunelm.

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