Jefferies Financial Group Issues Pessimistic Forecast for DFS Furniture (LON:DFS) Stock Price

Key Points

• Jefferies cut DFS Furniture’s price target from GBX 210 to GBX 156 and maintained a “hold” rating, implying about 10.25% upside from the previous close.
• Despite Jefferies’ cautious view, other brokers remain more optimistic: Berenberg and Shore Capital retained “buy” ratings. MarketBeat lists a consensus “Moderate Buy” rating and an average target of GBX 182.
• DFS shares opened at GBX 141.50 and have traded between GBX 113 and GBX 204 over the past year. The company reported quarterly EPS of GBX 13.80, with analysts expecting full-year EPS of GBX 7.26.

DFS Furniture (LON:DFS - Get Free Report) had its price target lowered by research analysts at Jefferies Financial Group from GBX 210 to GBX 156 in a research report issued on Thursday, Digital Look reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 10.25% from the stock's previous close.

Several other brokerages have also weighed in on DFS. Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 price objective on shares of DFS Furniture in a research report on Friday, September 25th. Shore Capital Group reissued a "buy" rating and issued a GBX 180 target price on shares of DFS Furniture in a research report on Thursday, September 24th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 182.

DFS Furniture Stock Up 1.1%

DFS opened at GBX 141.50 on Thursday. DFS Furniture has a fifty-two week low of GBX 113 and a fifty-two week high of GBX 204. The business has a 50-day moving average of GBX 148.99 and a 200-day moving average of GBX 138.52. The company has a debt-to-equity ratio of 135.99, a current ratio of 0.25 and a quick ratio of 0.10. The company has a market capitalization of £327.59 million, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.48.

DFS Furniture (LON:DFS - Get Free Report) last announced its quarterly earnings results on Thursday, September 24th. The company reported GBX 13.80 EPS for the quarter. DFS Furniture had a return on equity of 12.31% and a net margin of 3.30%. Equities research analysts forecast that DFS Furniture will post 7.26 EPS for the current fiscal year.

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.

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