DFS Furniture (LON:DFS) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

DFS Furniture plc (LON:DFS) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 125.80 and traded as high as GBX 131. DFS Furniture shares last traded at GBX 128.50, with a volume of 545,558 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DFS. Jefferies Financial Group cut their price target on DFS Furniture from GBX 230 to GBX 210 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Berenberg Bank cut their price target on DFS Furniture from GBX 247 to GBX 235 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of DFS Furniture in a research note on Tuesday, March 31st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 222.50.

DFS Furniture Price Performance

The firm has a 50 day simple moving average of GBX 125.80 and a two-hundred day simple moving average of GBX 155.92. The company has a debt-to-equity ratio of 150.97, a current ratio of 0.27 and a quick ratio of 0.10. The stock has a market cap of £297.50 million, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44.

DFS Furniture (LON:DFS) last released its earnings results on Thursday, March 19th. The company reported GBX 9.80 earnings per share for the quarter. DFS Furniture had a return on equity of 13.23% and a net margin of 3.27%. As a group, sell-side analysts expect that DFS Furniture plc will post 7.25545 EPS for the current year.

DFS Furniture Company Profile

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.