Berenberg Bank Raises DFS Furniture (LON:DFS) Price Target to GBX 247

DFS Furniture (LON:DFS) had its target price hoisted by equities researchers at Berenberg Bank from GBX 241 to GBX 247 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 30.00% from the company’s current price.

A number of other research firms have also commented on DFS. Shore Capital reaffirmed a “no recommendation” rating on shares of DFS Furniture in a report on Tuesday. Jefferies Financial Group raised their price target on DFS Furniture from GBX 190 to GBX 200 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 223.50.

DFS Furniture Price Performance

Shares of DFS stock opened at GBX 190 on Wednesday. DFS Furniture has a 12 month low of GBX 123.40 and a 12 month high of GBX 204. The stock has a 50-day moving average price of GBX 169.22 and a 200 day moving average price of GBX 161.39. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38. The firm has a market cap of £439.06 million, a price-to-earnings ratio of 18.45, a PEG ratio of 0.56 and a beta of 1.58.

Insider Buying and Selling at DFS Furniture

In other news, insider Tony Buffin purchased 33,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of GBX 160 per share, with a total value of £52,800. 38.95% of the stock is currently owned by corporate insiders.

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.