DFS Furniture (LON:DFS) Stock Passes Below 200-Day Moving Average – Here’s What Happened

DFS Furniture plc (LON:DFS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 152.15 and traded as low as GBX 137.41. DFS Furniture shares last traded at GBX 142, with a volume of 360,620 shares trading hands.

Analyst Upgrades and Downgrades

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

DFS Furniture Price Performance

The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 150.97. The stock has a market capitalization of £328.75 million, a price-to-earnings ratio of 9.47, a P/E/G ratio of 0.56 and a beta of 1.44. The business’s 50 day simple moving average is GBX 128.87 and its 200-day simple moving average is GBX 152.15.

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.