DFS Furniture (LON:DFS) Shares Cross Above Fifty Day Moving Average – Here’s Why

DFS Furniture plc (LON:DFS) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 148.77 and traded as high as GBX 156.50. DFS Furniture shares last traded at GBX 145, with a volume of 89,325 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 180 price objective on shares of DFS Furniture in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 208.33.

DFS Furniture Stock Performance

The business has a 50-day moving average of GBX 148.77 and a two-hundred day moving average of GBX 141.88. The company has a market cap of £338.30 million, a P/E ratio of 9.74, a P/E/G ratio of 0.56 and a beta of 1.46. The company has a debt-to-equity ratio of 150.97, a current ratio of 0.27 and a quick ratio of 0.10.

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.