FTSE 250 Movers: Debenhams falls despite "buy" rating

20th Sep 2011 13:15

Debenhams dropped lower despite Singer Capital Markets reiterating its buy rating on the department store group, highlighting the company's fourth quarter earnings 'beat' and cheap valuation.Debenhams reported on Tuesday that it expects headline pre-tax profits in the year ended 27 August to surpass consensus estimates, after a strong end to the year. RBS has downgraded publisher and events organiser Daily Mail and General Trust (DMGT) from buy to hold, after cutting its earnings forecasts for this year and the next.The move sent DMGT's share price plummeting more than 3.5%. It was the opposite picture for Barratt Developments after Citigroup upgraded the house builder from 'hold' to 'buy', and cut its target price from 135p to 110p.FTSE 250 - RisersEuromoney Institutional Investor (ERM) 603.00p +8.16%Regus (RGU) 78.50p +6.30%Genus (GNS) 1,051.00p +5.63%Carpetright (CPR) 523.00p +4.18%JKX Oil & Gas (JKX) 187.50p +4.17%Hansteen Holdings (HSTN) 77.85p +4.15%Barratt Developments (BDEV) 80.70p +3.79%Ashmore Group (ASHM) 403.20p +3.78%Savills (SVS) 304.00p +3.75%Brown (N.) Group (BWNG) 293.90p +3.41%FTSE 250 - FallersDaily Mail and General Trust (DMGT) 364.70p -3.52%International Personal Finance (IPF) 216.40p -2.92%Renishaw (RSW) 1,119.00p -2.44%JD Sports Fashion (JD.) 841.00p -2.15%Brewin Dolphin Holdings (BRW) 131.00p -2.02%Perform Group (PER) 216.00p -1.73%Logica (LOG) 82.05p -1.68%Tullett Prebon (TLPR) 373.60p -1.61%Debenhams (DEB) 58.55p -1.26%Moneysupermarket.com Group (MONY) 111.30p -1.24%NR