Berenberg Bank Forecasts Strong Price Appreciation for DFS Furniture (LON:DFS) Stock

Key Points

• Analysts at Berenberg Bank have increased the price target for DFS Furniture from GBX 233 to GBX 241, indicating a potential upside of 58.63% from the previous close.
• DFS Furniture's stock was down 0.7% with a current price of GBX 151.93, amidst fluctuating earnings and a high P/E ratio of 5,064.33.
• The company reported a quarterly earnings per share of GBX 3,358, although it has a negative return on equity of 1.90% and a negative net margin of 0.45%.

DFS Furniture (LON:DFS - Get Free Report) had its price target boosted by analysts at Berenberg Bank from GBX 233 to GBX 241 in a report released on Thursday,Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 58.63% from the company's previous close.

DFS Furniture Stock Down 0.7%

DFS Furniture stock opened at GBX 151.93 on Thursday. DFS Furniture has a twelve month low of GBX 118 and a twelve month high of GBX 179.50. The stock's fifty day simple moving average is GBX 155.73 and its 200-day simple moving average is GBX 152.78. 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 firm has a market capitalization of £350.48 million, a P/E ratio of 5,064.33, a P/E/G ratio of 0.56 and a beta of 1.58.

DFS Furniture (LON:DFS - Get Free Report) last posted its quarterly earnings data on Thursday, September 25th. The company reported GBX 3,358 earnings per share for the quarter. DFS Furniture had a negative return on equity of 1.90% and a negative net margin of 0.45%. As a group, equities analysts expect that DFS Furniture will post 7.25545 earnings per share for the current fiscal year.

DFS Furniture Company Profile

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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