DFS Furniture (LON:DFS) Share Price Passes Above 50 Day Moving Average – Time to Sell?

DFS Furniture plc (LON:DFS) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 187.61 and traded as high as GBX 188.73. DFS Furniture shares last traded at GBX 187, with a volume of 1,115,473 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on DFS shares. Berenberg Bank increased their target price on DFS Furniture from GBX 241 to GBX 247 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Shore Capital Group reiterated a “no recommendation” rating on shares of DFS Furniture in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, DFS Furniture currently has an average rating of “Buy” and an average target price of GBX 223.50.

DFS Furniture Price Performance

The firm has a market cap of £432.13 million, a price-to-earnings ratio of 18.16, a PEG ratio of 0.56 and a beta of 1.31. The company’s fifty day moving average is GBX 187.61 and its 200 day moving average is GBX 167.29. The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 187.19.

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.