DFS Furniture (LON:DFS) Stock Passes Above 50 Day Moving Average – Here’s What Happened

DFS Furniture plc (LON:DFS) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 187.61 and traded as high as GBX 188.73. DFS Furniture shares last traded at GBX 187, with a volume of 1,115,473 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on DFS. Berenberg Bank boosted their price objective on DFS Furniture from GBX 241 to GBX 247 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Shore Capital Group reissued a “no recommendation” rating on shares of DFS Furniture in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 223.50.

DFS Furniture Price Performance

The firm has a market cap of £432.13 million, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31. The firm’s 50 day moving average is GBX 187.61 and its two-hundred day moving average is GBX 167.29. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 187.19.

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.