Berenberg Bank Issues Pessimistic Forecast for DFS Furniture (LON:DFS) Stock Price

DFS Furniture (LON:DFS) had its price objective dropped by Berenberg Bank from GBX 247 to GBX 235 in a research report issued on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 75.37% from the company’s previous close.

Separately, Shore Capital Group reissued a “no recommendation” rating on shares of DFS Furniture in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 222.50.

DFS Furniture Stock Performance

Shares of DFS Furniture stock traded down GBX 4.50 during trading on Monday, hitting GBX 134. 712,582 shares of the company’s stock traded hands, compared to its average volume of 1,169,495. DFS Furniture has a 1 year low of GBX 124 and a 1 year high of GBX 204. The business has a 50-day simple moving average of GBX 185.28 and a 200-day simple moving average of GBX 168.23. The stock has a market capitalization of £309.65 million, a P/E ratio of 13.01, a PEG ratio of 0.56 and a beta of 1.26. The company has a debt-to-equity ratio of 150.97, a current ratio of 0.27 and a quick ratio of 0.10.

DFS Furniture (LON:DFS) last issued its earnings results on Thursday, March 19th. The company reported GBX 9.80 earnings per share for the quarter. DFS Furniture had a return on equity of 13.23% and a net margin of 3.27%. As a group, analysts forecast that DFS Furniture will post 7.25545 EPS 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.