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The latest announcement is out from boohoo group Plc ( (GB:DEBS) ).
Debenhams Group has successfully secured a new 3-year financing facility worth up to £175 million, replacing its previous £125 million credit facility. This strategic move, completed a year ahead of schedule, enhances the group’s financial flexibility and supports its multi-year turnaround strategy, particularly in revitalizing its Youth fashion brands. The facility, led by TPG Angelo Gordon, reflects the group’s commitment to strengthening its market position and operational capabilities.
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 specializing in fashion, home, and beauty products, catering to a vast customer base through its five shopping platforms: Debenhams, Karen Millen, boohoo, MAN, and PLT. Originating in 1778 with the establishment of the UK’s first department store, the group has evolved into a leading online presence, particularly with the relaunch of Debenhams as an online department store in 2021.
Average Trading Volume: 2,668,586
Technical Sentiment Signal: Sell
Current Market Cap: £184.1M
For an in-depth examination of DEBS stock, go to TipRanks’ Overview page.