Berenberg Bank Lowers DFS Furniture (LON:DFS) Price Target to GBX 235

Key Points

• Berenberg Bank lowered its target price for DFS from GBX 247 to GBX 235 while retaining a "buy" rating, which it says implies a potential upside of 75.37% from the current price.
• DFS shares traded down about 3.2% to GBX 134 on Monday with ~712,582 shares changing hands, a market cap of ~£309.65m and a consensus analyst target of GBX 222.50.
• The company reported quarterly EPS of GBX 9.80, a net margin of 3.27% and ROE of 13.23%, but also shows weak liquidity (current ratio 0.27, quick ratio 0.10) and high leverage (debt-to-equity 150.97).

DFS Furniture (LON:DFS - Get Free Report) had its target price reduced by equities researchers at Berenberg Bank from GBX 247 to GBX 235 in a report issued on Monday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 75.37% from the stock's current price.

Separately, Shore Capital Group reissued a "no recommendation" rating on shares of DFS Furniture in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 222.50.

DFS Furniture Stock Down 3.2%

DFS Furniture stock traded down GBX 4.50 on Monday, hitting GBX 134. 712,582 shares of the stock traded hands, compared to its average volume of 1,169,495. DFS Furniture has a 1 year low of GBX 124 and a 1 year high of GBX 204. The firm has a market cap of £309.65 million, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.26. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 150.97. The business's fifty day simple moving average is GBX 185.28 and its 200 day simple moving average is GBX 168.23.

DFS Furniture (LON:DFS - Get Free Report) last released its earnings results on Thursday, March 19th. The company reported GBX 9.80 earnings per share for the quarter. DFS Furniture had a net margin of 3.27% and a return on equity of 13.23%. As a group, sell-side analysts forecast that DFS Furniture will post 7.25545 earnings per share for the current 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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