DFS Furniture (LON:DFS) Price Target Cut to GBX 210 by Analysts at Jefferies Financial Group

Key Points

• Jefferies cut its price target for DFS from GBX 230 to GBX 210 but maintained a "buy" rating, with that target implying a potential upside of 56.72% from the current price.
• Market consensus remains positive with two analysts rated "Buy" and an average price target of GBX 222.50; Berenberg also trimmed its target from GBX 247 to GBX 235.
• Shares traded at GBX 134 (midday) with a market cap of ~£309.65m and P/E of 13.01, but the company 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 price target decreased by analysts at Jefferies Financial Group from GBX 230 to GBX 210 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 56.72% from the stock's current price.

DFS has been the topic of several other research reports. Shore Capital Group reissued a "no recommendation" rating on shares of DFS Furniture in a research note on Tuesday, January 20th. Berenberg Bank lowered their target price on DFS Furniture from GBX 247 to GBX 235 and set a "buy" rating on the stock in a report on Monday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, DFS Furniture has a consensus rating of "Buy" and an average price target of GBX 222.50.

DFS Furniture Price Performance

Shares of LON DFS traded down GBX 4.50 during midday trading on Monday, hitting GBX 134. The company had a trading volume of 712,582 shares, compared to its average volume of 1,169,495. The firm has a market capitalization of £309.65 million, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.26. DFS Furniture has a twelve month low of GBX 124 and a twelve month high of GBX 204. The business has a 50-day simple moving average of GBX 185.28 and a two-hundred day simple moving average of GBX 168.23. The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 150.97.

DFS Furniture (LON:DFS - Get Free Report) last issued 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%. Equities research analysts anticipate 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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