Debenhams shows relatively strong fundamentals and is coming back to attractive prices.

From a fundamental viewpoint, Debenhams is undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 0.54 times its revenues.
This valuation (P/E ratio) is only 8.61 and 7.98 times the two next years earnings.

Currently the stock is oversold and, in the short-term, is trading in a bearish trend. Debenhams should be able to confirm its increase in the next trading sessions. The support at GBp 86.65 is a trading opportunity in order to anticipate a technical rebound towards GBp 94, thanks also to the trendline which is coming to support prices around the current price.

Thanks to the technical pattern and Debenhams' strong fundamentals, active investors can take a long position above GBp 86.7. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goal will be fixed at GBp 94.
However, a bearish trend would regain the upper hand if the security crosses GBp 86.7.