DFS Furniture (LON:DFS) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

DFS Furniture plc (LON:DFS) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 176.77 and traded as high as GBX 200. DFS Furniture shares last traded at GBX 200, with a volume of 260,981 shares trading hands.

Analysts Set New Price Targets

A number of analysts have weighed in on DFS shares. Berenberg Bank raised their price objective on shares of DFS Furniture from GBX 241 to GBX 247 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Shore Capital reiterated a “no recommendation” rating on shares of DFS Furniture in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 223.50.

DFS Furniture Stock Up 0.5%

The firm has a market cap of £462.17 million, a price-to-earnings ratio of 19.42, a P/E/G ratio of 0.56 and a beta of 1.58. The firm’s 50 day moving average price is GBX 176.77 and its two-hundred day moving average price is GBX 163.52. The company has a debt-to-equity ratio of 258.38, a current ratio of 0.35 and a quick ratio of 0.10.

Insiders Place Their Bets

In related news, insider Tony Buffin bought 2,898 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of GBX 156 per share, for a total transaction of £4,520.88. Insiders own 38.89% of the company’s stock.

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.