Berenberg Bank Cuts DFS Furniture PLC (DFS) Price Target to GBX 245
DFS Furniture PLC (LON:DFS) had its price target decreased by investment analysts at Berenberg Bank from GBX 310 ($3.92) to GBX 245 ($3.10) in a research note issued on Friday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 22.50% from the company’s current price.
Separately, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 265 ($3.35) price objective on shares of DFS Furniture PLC in a research note on Friday, March 31st.
Shares of DFS Furniture PLC (LON DFS) remained flat at GBX 200.00 on Friday. The stock had a trading volume of 2,987,805 shares. DFS Furniture PLC has a 1-year low of GBX 175.35 and a 1-year high of GBX 300.00. The company’s 50 day moving average price is GBX 265.98 and its 200 day moving average price is GBX 245.00. The stock’s market capitalization is GBX 423.06 million.
The firm also recently announced a dividend, which will be paid on Wednesday, June 21st. Investors of record on Thursday, June 1st will be paid a GBX 13.20 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from DFS Furniture PLC’s previous dividend of $7.50. This represents a dividend yield of 5.28%.
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DFS Furniture PLC Company Profile
DFS Furniture plc is an upholstery retailer in the United Kingdom. The Company is engaged in designing, manufacturing, selling, delivering and installing a range of sofas, and other upholstered and furniture products. The Company’s segment is engaged in the retailing of upholstered furniture and related products.
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