DFS Furniture (LON:DFS) Share Price Passes Below 50-Day Moving Average – What’s Next?

DFS Furniture plc (LON:DFS) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 124.76 and traded as low as GBX 119. DFS Furniture shares last traded at GBX 120.50, with a volume of 59,604 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on DFS shares. Jefferies Financial Group reduced their price target on shares of DFS Furniture from GBX 230 to GBX 210 and set a “buy” rating on the stock in a report on Monday, March 23rd. Berenberg Bank reduced their price target on shares of DFS Furniture from GBX 247 to GBX 235 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, Shore Capital Group restated a “buy” rating on shares of DFS Furniture in a report on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 222.50.

DFS Furniture Price Performance

The firm’s 50-day moving average price is GBX 124.76 and its 200-day moving average price is GBX 157.24. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 150.97. The stock has a market capitalization of £292.87 million, a PE ratio of 8.43, a PEG ratio of 0.56 and a beta of 1.46.

DFS Furniture (LON:DFS) last announced its earnings results on Thursday, March 19th. The company reported GBX 9.80 earnings per share (EPS) for the quarter. DFS Furniture had a net margin of 3.27% and a return on equity of 13.23%. On average, equities analysts forecast that DFS Furniture plc will post 7.25545 EPS for the current fiscal year.

About DFS Furniture

DFS Group is the leading sofa retail specialist in the UK and since 1969 we’ve been passionate about making and selling high quality, great looking sofas.