DFS Furniture (LON:DFS) Share Price Breaks Below 50 Day Moving Average – Here’s Why

DFS Furniture plc (LON:DFS) shares crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 150.08 and traded as low as GBX 145. DFS Furniture shares last traded at GBX 147, with a volume of 383,802 shares.

Analysts Set New Price Targets

DFS has been the subject of a number of research reports. Shore Capital Group restated a “buy” rating and set a GBX 180 target price on shares of DFS Furniture in a report on Thursday, September 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 210 price objective on shares of DFS Furniture in a research report on Friday, September 25th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 210 price objective on shares of DFS Furniture in a research note on Friday, September 25th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, DFS Furniture presently has an average rating of “Buy” and an average target price of GBX 200.

DFS Furniture Price Performance

The stock has a 50 day moving average of GBX 150.08 and a two-hundred day moving average of GBX 137.38. The stock has a market cap of £338.01 million, a PE ratio of 9.86, a PEG ratio of 0.56 and a beta of 1.48. The company has a debt-to-equity ratio of 135.99, a quick ratio of 0.10 and a current ratio of 0.25.

DFS Furniture (LON:DFS) last posted its quarterly earnings data on Thursday, September 24th. The company reported GBX 13.80 earnings per share (EPS) for the quarter. DFS Furniture had a return on equity of 12.31% and a net margin of 3.30%. Equities analysts anticipate that DFS Furniture plc will post 7.26 EPS for the current 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.