DFS Furniture (LON:DFS) Stock Passes Above Fifty Day Moving Average – Here’s Why

DFS Furniture plc (LON:DFS) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 146.94 and traded as high as GBX 163. DFS Furniture shares last traded at GBX 156.50, with a volume of 579,423 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “buy” rating and set a GBX 180 price target on shares of DFS Furniture in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, DFS Furniture currently has a consensus rating of “Buy” and a consensus target price of GBX 208.33.

DFS Furniture Stock Down 0.3%

The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 150.97. The company has a market capitalization of £348.43 million, a PE ratio of 10.03, a P/E/G ratio of 0.56 and a beta of 1.44. The stock has a 50-day moving average of GBX 147.53 and a 200 day moving average of GBX 142.88.

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.