DFS Furniture (LON:DFS) Price Target Raised to GBX 325

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DFS Furniture (LON:DFS) had its price objective raised by Berenberg Bank from GBX 285 ($3.72) to GBX 325 ($4.25) in a research report report published on Wednesday, Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Shore Capital restated a buy rating on shares of DFS Furniture in a research report on Tuesday, December 22nd.

LON DFS opened at GBX 285.50 ($3.73) on Wednesday. The firm has a market cap of £737.69 million and a PE ratio of -28.27. DFS Furniture has a one year low of GBX 120.80 ($1.58) and a one year high of GBX 298.15 ($3.90). The stock’s 50 day simple moving average is GBX 252.50 and its 200 day simple moving average is GBX 225.74. The company has a debt-to-equity ratio of 224.88, a current ratio of 0.27 and a quick ratio of 0.14.

In other DFS Furniture news, insider Tim Stacey sold 5,280 shares of the stock in a transaction on Tuesday, March 30th. The stock was sold at an average price of GBX 266 ($3.48), for a total value of £14,044.80 ($18,349.62).

About DFS Furniture

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails a range of sofas, upholstered furniture, and other living room furniture products in the United Kingdom and Europe. The company operates its products under the brands of DFS, Sofology, Dwell, and Sofa Workshop. It operates a network of 125 DFS stores, 42 Sofology stores, and 36 Dwell stores.

See Also: Dividend Reinvestment Plan (DRIP)

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