DFS Furniture’s (DFS) Buy Rating Reiterated at Berenberg Bank

DFS Furniture (LON:DFS)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report released on Friday. They currently have a GBX 280 ($3.66) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 17.15% from the stock’s current price.

Separately, Peel Hunt reissued a “buy” rating on shares of DFS Furniture in a report on Thursday.

Shares of DFS traded up GBX 5 ($0.07) during midday trading on Friday, hitting GBX 239 ($3.12). 218,707 shares of the company traded hands, compared to its average volume of 329,185. DFS Furniture has a 52 week low of GBX 170 ($2.22) and a 52 week high of GBX 250 ($3.27). The company has a market capitalization of $496.47 million and a PE ratio of 26.85. The company has a quick ratio of 0.23, a current ratio of 0.58 and a debt-to-equity ratio of 82.13.

In other DFS Furniture news, insider Ian Durant bought 13,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were purchased at an average cost of GBX 184 ($2.40) per share, for a total transaction of £23,920 ($31,255.72).

DFS Furniture Company Profile

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails a range of sofas, upholstered furniture, and other living room furniture products in the United Kingdom and Europe. As of July 30, 2018, it operated a network of 116 DFS stores, as well as 44 stores with converted warehouse space.

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