DFS Furniture (LON:DFS) Reaches New 1-Year High – Here’s Why

DFS Furniture plc (LON:DFS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 184 and last traded at GBX 180, with a volume of 53608 shares trading hands. The stock had previously closed at GBX 180.

Wall Street Analysts Forecast Growth

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

DFS Furniture Stock Performance

The firm has a market capitalization of £415.95 million, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. 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 stock’s fifty day moving average is GBX 164.06 and its two-hundred day moving average is GBX 160.35.

Insider Transactions at DFS Furniture

In related news, insider Tony Buffin acquired 2,898 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of GBX 156 per share, for a total transaction of £4,520.88. Insiders own 38.95% 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.