DFS Furniture (LON:DFS) Stock Crosses Above 50-Day Moving Average – Should You Sell?

DFS Furniture plc (LON:DFS)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 181.22 and traded as high as GBX 198.50. DFS Furniture shares last traded at GBX 190.50, with a volume of 157,944 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DFS shares. Berenberg Bank increased their price target on DFS Furniture from GBX 241 to GBX 247 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Shore Capital Group reaffirmed a “no recommendation” rating on shares of DFS Furniture in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, DFS Furniture currently has an average rating of “Buy” and an average target price of GBX 223.50.

DFS Furniture Trading Down 2.1%

The stock has a market capitalization of £440.22 million, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The company has a current ratio of 0.35, a quick ratio of 0.10 and a debt-to-equity ratio of 258.38. The business has a 50 day simple moving average of GBX 181.22 and a 200-day simple moving average of GBX 164.43.

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.