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

Shares of DFS Furniture plc (LON:DFS) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 139 ($1.76) and traded as high as GBX 145 ($1.83). DFS Furniture shares last traded at GBX 145 ($1.83), with a volume of 15,214 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DFS. Berenberg Bank reiterated a “buy” rating and set a GBX 185 ($2.34) price target on shares of DFS Furniture in a report on Monday, January 27th. Shore Capital reiterated a “not rated” rating on shares of DFS Furniture in a report on Friday, November 22nd.

DFS Furniture Stock Performance

The company has a market cap of £334.14 million, a price-to-earnings ratio of -77.64, a P/E/G ratio of 0.56 and a beta of 1.58. The firm has a fifty day simple moving average of GBX 139 and a 200 day simple moving average of GBX 132.42. The company has a debt-to-equity ratio of 258.38, a current ratio of 0.35 and a quick ratio of 0.10.

About DFS Furniture

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland. The company retails sofas under the DFS and Sofology brand names. It also engages in the manufacture of upholstered furniture and the supply of contract logistics.