DFS Furniture (LON:DFS) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

DFS Furniture plc (LON:DFS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

DFS has been the subject of a number of analyst reports. Jefferies Financial Group cut their target price on DFS Furniture from GBX 230 to GBX 210 and set a “buy” rating for the company in a research note on Monday, March 23rd. Shore Capital Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of DFS Furniture in a report on Thursday. Finally, Berenberg Bank cut their price objective on DFS Furniture from GBX 247 to GBX 235 and set a “buy” rating for the company in a research report on Monday, March 23rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 215.

DFS Furniture Trading Down 6.0%

The stock has a market cap of £309.07 million, a PE ratio of 8.90, a P/E/G ratio of 0.56 and a beta of 1.44. The business’s fifty day moving average is GBX 129.15 and its 200 day moving average is GBX 151.94. The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 150.97.

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.