DFS Furniture (LON:DFS) Shares Pass Above 50 Day Moving Average – Here’s What Happened

DFS Furniture plc (LON:DFS) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 176.77 and traded as high as GBX 200. DFS Furniture shares last traded at GBX 200, with a volume of 260,981 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Shore Capital Group reissued a “no recommendation” rating on shares of DFS Furniture in a report on Tuesday, January 20th. Berenberg Bank boosted their price objective on DFS Furniture from GBX 241 to GBX 247 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 223.50.

DFS Furniture Trading Down 3.3%

The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38. The stock has a market capitalization of £443.68 million, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The company has a fifty day simple moving average of GBX 177.62 and a two-hundred day simple moving average of GBX 163.62.

Insider Activity at DFS Furniture

In other news, insider Tony Buffin bought 2,898 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average cost of GBX 156 per share, with a total value of £4,520.88. Insiders own 38.89% of the company’s stock.

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.