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

DFS Furniture plc (LON:DFS) shares passed 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 equities analysts recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 185 ($2.34) price objective on shares of DFS Furniture in a research report on Monday, January 27th. Shore Capital reiterated a “not rated” rating on shares of DFS Furniture in a research report on Friday, November 22nd.

DFS Furniture Price Performance

The company has a debt-to-equity ratio of 258.38, a quick ratio of 0.10 and a current ratio of 0.35. The company has a 50-day moving average of GBX 139 and a 200-day moving average of GBX 132.42. The firm has a market capitalization of £334.14 million, a price-to-earnings ratio of -77.64, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58.

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.