DFS Furniture (LON:DFS) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

DFS Furniture plc (LON:DFS) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 154.98 and traded as high as GBX 164. DFS Furniture shares last traded at GBX 162, with a volume of 115,228 shares traded.

Wall Street Analyst Weigh In

DFS has been the topic of several research reports. Berenberg Bank increased their price target on shares of DFS Furniture from GBX 233 to GBX 241 and gave the stock a “buy” rating in a report on Thursday, September 25th. Jefferies Financial Group lifted their price target 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 220.50.

DFS Furniture Stock Performance

The firm has a market cap of £370.89 million, a PE ratio of 15.58, a PEG ratio of 0.56 and a beta of 1.58. The company has a debt-to-equity ratio of 258.38, a quick ratio of 0.10 and a current ratio of 0.35. The firm’s 50 day moving average price is GBX 155.32 and its two-hundred day moving average price is GBX 159.68.

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

Insider Buying and Selling at DFS Furniture

In related news, insider Tony Buffin purchased 2,898 shares of DFS Furniture stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of GBX 156 per share, with a total value of £4,520.88. 38.94% of the stock is currently owned by corporate insiders.

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.