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

DFS Furniture plc (LON:DFS)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 124.76 and traded as low as GBX 119. DFS Furniture shares last traded at GBX 120.50, with a volume of 59,604 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on DFS. Shore Capital Group restated a “buy” rating on shares of DFS Furniture in a report on Tuesday, March 31st. Berenberg Bank lowered their price target on shares of DFS Furniture from GBX 247 to GBX 235 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Jefferies Financial Group lowered their price target on shares of DFS Furniture from GBX 230 to GBX 210 and set a “buy” rating for the company in a report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 222.50.

DFS Furniture Stock Up 3.8%

The firm has a market cap of £291.93 million, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44. The stock’s 50 day simple moving average is GBX 125.09 and its 200 day simple moving average is GBX 156.71. The company has a debt-to-equity ratio of 150.97, a quick ratio of 0.10 and a current ratio of 0.27.

DFS Furniture (LON:DFS) last announced its quarterly earnings results on Thursday, March 19th. The company reported GBX 9.80 EPS for the quarter. DFS Furniture had a net margin of 3.27% and a return on equity of 13.23%. Research analysts anticipate that DFS Furniture plc 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.