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

DFS Furniture plc (LON:DFS) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 156.94 and traded as high as GBX 159.50. DFS Furniture shares last traded at GBX 157.50, with a volume of 145,173 shares.

Analyst Ratings Changes

DFS has been the subject of a number of research reports. Berenberg Bank increased their target price on shares of DFS Furniture from GBX 233 to GBX 241 and gave the stock a “buy” rating in a report on Thursday, September 25th. Jefferies Financial Group upped their price objective on shares of DFS Furniture from GBX 190 to GBX 200 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, DFS Furniture presently has an average rating of “Buy” and a consensus target price of GBX 220.50.

DFS Furniture Trading Up 0.3%

The business’s fifty day moving average is GBX 156.94 and its 200-day moving average is GBX 159.57. 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 has a market cap of £363.96 million, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58.

DFS Furniture (LON:DFS) last posted its earnings results on Monday, September 29th. The company reported GBX 9.20 earnings per share for the quarter. DFS Furniture had a negative net margin of 0.45% and a negative return on equity of 1.90%. Analysts predict that DFS Furniture plc will post 7.25545 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tony Buffin acquired 2,898 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of GBX 156 per share, for a total transaction of £4,520.88. 38.94% of the stock is owned by 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.