DFS Furniture (LON:DFS) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

DFS Furniture plc (LON:DFS)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 125.80 and traded as high as GBX 131. DFS Furniture shares last traded at GBX 128.50, with a volume of 545,558 shares changing hands.

Wall Street Analyst Weigh In

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

DFS Furniture Price Performance

The company has a debt-to-equity ratio of 150.97, a quick ratio of 0.10 and a current ratio of 0.27. The stock has a market capitalization of £297.50 million, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.56 and a beta of 1.44. The firm’s fifty day simple moving average is GBX 125.80 and its 200 day simple moving average is GBX 155.92.

DFS Furniture (LON:DFS) last posted its quarterly earnings data on Thursday, March 19th. The company reported GBX 9.80 earnings per share (EPS) for the quarter. DFS Furniture had a return on equity of 13.23% and a net margin of 3.27%. On average, sell-side analysts forecast that DFS Furniture plc will post 7.25545 earnings per share for the current year.

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.