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boohoo group Plc ( (GB:DEBS) ) has issued an update.
Debenhams Group announced the results of its Annual General Meeting, where all ordinary resolutions were passed, but special resolutions failed due to a major competitor’s voting influence. Despite this, the board reassured shareholders that the outcome would not materially impact the company, emphasizing their commitment to the turnaround strategy and shareholder value maximization.
The most recent analyst rating on (GB:DEBS) stock is a Sell with a £13.00 price target. To see the full list of analyst forecasts on boohoo group Plc stock, see the GB:DEBS Stock Forecast page.
Spark’s Take on GB:DEBS Stock
According to Spark, TipRanks’ AI Analyst, GB:DEBS is a Underperform.
boohoo group Plc’s stock score is primarily impacted by its poor financial performance and weak technical indicators. The company’s negative profitability and high leverage pose significant risks. Additionally, bearish technical signals and a negative P/E ratio further contribute to the low score.
To see Spark’s full report on GB:DEBS stock, click here.
More about boohoo group Plc
Debenhams Group is a prominent online retailer specializing in fashion, home, and beauty products, catering to a vast customer base across five shopping platforms: Debenhams, Karen Millen, boohoo, MAN, and PLT. The Group, which traces its roots back to 1778, has evolved into a leading online fashion retailer, with Debenhams being relaunched as an online department store in 2021.
Average Trading Volume: 4,993,340
Technical Sentiment Signal: Sell
Current Market Cap: £163.8M
See more data about DEBS stock on TipRanks’ Stock Analysis page.