DFS Furniture PLC (DFS) Downgraded by Numis Securities Ltd
DFS Furniture PLC (LON:DFS) was downgraded by equities research analysts at Numis Securities Ltd to a “hold” rating in a research note issued on Friday. They currently have a GBX 280 ($3.65) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 2.45% from the company’s current price.
A number of other brokerages have also commented on DFS. Jefferies Group decreased their price objective on DFS Furniture PLC from GBX 365 ($4.76) to GBX 255 ($3.33) and set a “buy” rating for the company in a research report on Tuesday, July 5th. Beaufort Securities lowered DFS Furniture PLC to a “hold” rating in a research report on Friday, August 12th. Finally, Berenberg Bank decreased their price objective on DFS Furniture PLC from GBX 360 ($4.70) to GBX 310 ($4.05) and set a “buy” rating for the company in a research report on Monday, August 15th.
DFS Furniture PLC (LON:DFS) opened at 269.96 on Friday. DFS Furniture PLC has a 12-month low of GBX 175.35 and a 12-month high of GBX 354.04. The firm has a 50-day moving average price of GBX 264.58 and a 200-day moving average price of GBX 269.18. The stock’s market cap is GBX 575.10 million.
The firm also recently disclosed a dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend is Thursday, December 8th. This is a positive change from DFS Furniture PLC’s previous dividend of $3.50. This represents a yield of 2.74%.
DFS Furniture PLC Company Profile
DFS Furniture plc, formerly Diamond Holdco 1 Limited, is the upholstery retailer in the United Kingdom. The Company designs, manufactures, sells, delivers and installs a range of upholstered and other furniture products for its customers. The Company offers over 10 unit types per range, and a range of materials with approximately 50 colors available.
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