DFS Furniture (LON:DFS) Stock Crosses Below 200 Day Moving Average – What’s Next?

DFS Furniture plc (LON:DFS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 147.98 and traded as low as GBX 145.50. DFS Furniture shares last traded at GBX 150, with a volume of 251,726 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 180 target price on shares of DFS Furniture in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 208.33.

DFS Furniture Stock Performance

The stock has a market cap of £355.37 million, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44. The company has a debt-to-equity ratio of 150.97, a current ratio of 0.27 and a quick ratio of 0.10. The stock’s 50-day moving average is GBX 135.97 and its 200-day moving average is GBX 148.01.

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.