Peel Hunt Reiterates Reduce Rating for DFS Furniture (DFS)

DFS Furniture (LON:DFS)‘s stock had its “reduce” rating reissued by research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday. They currently have a GBX 200 ($2.69) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 2.56% from the stock’s previous close.

Several other equities analysts have also recently weighed in on DFS. Numis Securities reissued a “hold” rating and issued a GBX 210 ($2.83) target price on shares of DFS Furniture in a research note on Friday, October 6th. Berenberg Bank cut shares of DFS Furniture to a “hold” rating and decreased their target price for the company from GBX 245 ($3.30) to GBX 230 ($3.10) in a research note on Friday, October 6th.

Shares of DFS Furniture (LON:DFS) traded down GBX 1.50 ($0.02) during midday trading on Tuesday, hitting GBX 195 ($2.62). DFS Furniture has a 52-week low of GBX 182 ($2.45) and a 52-week high of GBX 290.75 ($3.91).

In other DFS Furniture news, insider Luke Mayhew bought 12,500 shares of the stock in a transaction on Thursday, November 23rd. The stock was purchased at an average price of GBX 198 ($2.66) per share, with a total value of £24,750 ($33,310.90). Also, insider Ian Durant bought 15,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were acquired at an average cost of GBX 192 ($2.58) per share, with a total value of £28,800 ($38,761.78).

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About DFS Furniture

DFS Furniture plc is an upholstery retailer in the United Kingdom. The Company is engaged in designing, manufacturing, selling, delivering and installing a range of sofas, and other upholstered and furniture products. The Company’s segment is engaged in the retailing of upholstered furniture and related products.

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