DFS Furniture (LON:DFS) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of DFS Furniture plc (LON:DFS) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 153.30 and traded as low as GBX 148. DFS Furniture shares last traded at GBX 151.50, with a volume of 62,552 shares.

Analyst Ratings Changes

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

DFS Furniture Trading Down 0.3%

The stock has a 50-day moving average of GBX 153.30 and a 200 day moving average of GBX 158.08. The stock has a market cap of £348.94 million, a PE ratio of 14.66, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38.

DFS Furniture (LON:DFS) last issued its earnings results on Monday, September 29th. The company reported GBX 9.20 EPS for the quarter. DFS Furniture had a negative return on equity of 1.90% and a negative net margin of 0.45%. As a group, sell-side analysts anticipate that DFS Furniture plc will post 7.25545 earnings per share for the current year.

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.