DFS Furniture (LON:DFS) Sets New 1-Year High – What’s Next?

DFS Furniture plc (LON:DFS) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 185 and last traded at GBX 183, with a volume of 176181 shares trading hands. The stock had previously closed at GBX 183.50.

Analysts Set New Price Targets

Several research firms have recently weighed in on DFS. Berenberg Bank increased their price target on DFS Furniture from GBX 233 to GBX 241 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Jefferies Financial Group upped their price objective on shares of DFS Furniture from GBX 190 to GBX 200 and gave the company a “buy” rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, DFS Furniture has a consensus rating of “Buy” and an average price target of GBX 220.50.

DFS Furniture Trading Down 0.3%

The firm has a 50-day simple moving average of GBX 166.69 and a 200-day simple moving average of GBX 160.77. 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 stock has a market cap of £422.88 million, a PE ratio of 17.77, a P/E/G ratio of 0.56 and a beta of 1.58.

Insider Transactions at DFS Furniture

In related news, insider Tony Buffin bought 2,898 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of GBX 156 per share, for a total transaction of £4,520.88. Company insiders own 38.95% of the company’s stock.

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.