DFS Furniture (LON:DFS) Stock Crosses Above 50-Day Moving Average – What’s Next?

DFS Furniture plc (LON:DFS) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 125.80 and traded as high as GBX 131. DFS Furniture shares last traded at GBX 128.50, with a volume of 545,558 shares traded.

Analyst Upgrades and Downgrades

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

DFS Furniture Stock Performance

The firm has a market capitalization of £304.44 million, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 150.97. The business’s 50 day simple moving average is GBX 126.21 and its two-hundred day simple moving average is GBX 155.56.

DFS Furniture (LON:DFS) last issued its 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%. Sell-side analysts anticipate that DFS Furniture plc will post 7.25545 EPS 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.