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Home / Momentum / Dunelm (DNLM.L) 17-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Dunelm (DNLM.L) 17-04-20

Will shares in Dunelm (DNLM.L) continue to rally, setting new recent highs?

  • Now trading at 902p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -35% from 12-month highs; +36% from 12 month lows.

Latest News

16 Apr:  Dunelm, the homewares retailer,  announced that it had seen a ‘high level’ of online demand after bringing it e-business back online.

15 Apr:  Citigroup has upgraded its rating on Dunelm Group (DNLM) to neutral (from sell) and reduced the target price to 840p (from 1035p).

24 Mar:  Peel Hunt reiterates its buy rating on Dunelm Group (DNLM) and reduced the target price to 1000p (from 1400p).

24 Mar:  Dunelm announced that it would close its stores and cautioned that it had witnessed a ‘progressively negative impact’ on sales.

28 Feb:  Peel Hunt reiterates its buy rating on Dunelm Group (DNLM) and increased the target price to 1445p (from 1325p).

17 Feb:  RBC Capital Markets reiterates its sector performer rating on Dunelm Group (DNLM) and increased the target price to 1250p (from 1100p).

13 Feb:  UBS reiterates its neutral rating on Dunelm Group (DNLM) and increased the target price to 1110p (from 1070p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

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