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

DFS Furniture plc (LON:DFS)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 148.77 and traded as high as GBX 156.50. DFS Furniture shares last traded at GBX 145, with a volume of 89,325 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 180 price target on shares of DFS Furniture in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 208.33.

DFS Furniture Stock Performance

The stock has a market cap of £338.30 million, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.56 and a beta of 1.46. 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 firm has a 50 day moving average price of GBX 148.77 and a 200 day moving average price of GBX 141.88.

DFS Furniture Company Profile

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.