DFS Furniture (LON:DFS) Share Price Passes Below 50-Day Moving Average – What’s Next?

DFS Furniture plc (LON:DFS) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-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 trading hands.

Analyst Ratings Changes

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

DFS Furniture Stock Performance

The company has a debt-to-equity ratio of 150.97, a quick ratio of 0.10 and a current ratio of 0.27. The company has a market capitalization of £292.87 million, a P/E ratio of 8.43, a P/E/G ratio of 0.56 and a beta of 1.46. The business’s fifty day simple moving average is GBX 124.76 and its 200-day simple moving average is GBX 157.24.

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

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.