DFS Furniture (DFS) Given Reduce Rating at Peel Hunt

Peel Hunt restated their reduce rating on shares of DFS Furniture (LON:DFS) in a report published on Tuesday morning. The firm currently has a GBX 200 ($2.69) price objective on the stock.

A number of other research firms also recently commented on DFS. Numis Securities restated a hold rating and issued a GBX 210 ($2.83) price objective on shares of DFS Furniture in a report on Friday, October 6th. Berenberg Bank cut DFS Furniture to a hold rating and decreased their target price for the stock from GBX 245 ($3.30) to GBX 230 ($3.10) in a research report on Friday, October 6th.

Shares of DFS Furniture (LON DFS) traded up GBX 1 ($0.01) during midday trading on Tuesday, reaching GBX 197.50 ($2.66). 67,153 shares of the company’s stock were exchanged, compared to its average volume of 158,732. DFS Furniture has a 52 week low of GBX 182 ($2.45) and a 52 week high of GBX 290.75 ($3.91).

The business also recently disclosed a dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Thursday, December 7th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 7th. This represents a yield of 3.55%.

In other news, insider Luke Mayhew acquired 12,500 shares of the stock in a transaction that occurred on Thursday, November 23rd. The stock was purchased at an average cost of GBX 198 ($2.66) per share, for a total transaction of £24,750 ($33,310.90). Also, insider Ian Durant acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price 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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