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boohoo group Plc ( (GB:DEBS) ) has shared an update.
Debenhams Group has announced its support for Revolution Beauty Group’s £15 million fundraising initiative by committing to subscribe for shares proportionate to its current holding of 27.03% in Revolution. Additionally, Debenhams is in discussions to establish a formal commercial arrangement with Revolution to supply branded cosmetics under a license agreement, which is expected to enhance Debenhams’ product offerings and strengthen its market position.
The most recent analyst rating on (GB:DEBS) stock is a Sell with a £15.00 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 Neutral.
The stock score reflects significant financial challenges, including declining revenues and cash flow issues, which are major concerns. However, recent corporate events signal potential strategic improvements, and insider confidence provides some encouragement. Technical indicators suggest bearish momentum, while valuation remains unattractive due to recent losses.
To see Spark’s full report on GB:DEBS stock, click here.
More about boohoo group Plc
Debenhams Group is a prominent online retailer in the fashion, home, and beauty sectors, operating through five key shopping destinations: Debenhams, Karen Millen, boohoo, MAN, and PLT. Originally established in 1778, Debenhams was relaunched as an online department store in 2021, continuing its legacy as a leader in the retail industry.
Average Trading Volume: 2,668,586
Technical Sentiment Signal: Sell
Current Market Cap: £184.1M
Find detailed analytics on DEBS stock on TipRanks’ Stock Analysis page.