DFS Furniture (LON:DFS) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of DFS Furniture plc (LON:DFS) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 152.15 and traded as low as GBX 137.41. DFS Furniture shares last traded at GBX 142, with a volume of 360,620 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Shore Capital Group reissued a “buy” rating on shares of DFS Furniture in a report on Tuesday, March 31st. Berenberg Bank reduced their price objective on DFS Furniture from GBX 247 to GBX 235 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Jefferies Financial Group decreased their target price on DFS Furniture from GBX 230 to GBX 210 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 222.50.

DFS Furniture Trading Up 1.1%

The business’s 50 day simple moving average is GBX 128.87 and its two-hundred day simple moving average is GBX 152.15. The stock has a market cap of £328.75 million, a P/E ratio of 9.47, a PEG ratio of 0.56 and a beta of 1.44. The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 150.97.

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.