DFS Furniture (LON:DFS) Share Price Passes Above Fifty Day Moving Average – Here’s Why

DFS Furniture plc (LON:DFS)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 172.02 and traded as high as GBX 197.50. DFS Furniture shares last traded at GBX 195, with a volume of 155,038 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DFS shares. Jefferies Financial Group raised their target price on DFS Furniture from GBX 190 to GBX 200 and gave the company a “buy” rating in a report on Thursday, October 2nd. Shore Capital reiterated a “no recommendation” rating on shares of DFS Furniture in a research note on Tuesday, January 20th. Finally, Berenberg Bank upped their target price on shares of DFS Furniture from GBX 241 to GBX 247 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 223.50.

DFS Furniture Stock Up 0.7%

The company has a debt-to-equity ratio of 258.38, a quick ratio of 0.10 and a current ratio of 0.35. The firm’s 50-day moving average is GBX 172.02 and its 200 day moving average is GBX 162.26. The firm has a market capitalization of £453.88 million, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58.

Insider Activity at DFS Furniture

In other DFS Furniture news, insider Tony Buffin acquired 2,898 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of GBX 156 per share, with a total value of £4,520.88. 38.95% of the stock is owned by corporate insiders.

DFS Furniture Company Profile

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.