DFS Furniture (LON:DFS) Share Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• DFS Furniture's share price dropped below its 50-day moving average of GBX 156.18, closing at GBX 150 during recent trading.
• Berenberg Bank has restated a "buy" rating for the stock, with a target price set at GBX 233, maintaining a consensus rating of "Buy" among analysts.
• The company has a market capitalization of £359.94 million and significant ratios indicating high leverage, including a debt-to-equity ratio of 258.38.

Shares of DFS Furniture plc (LON:DFS - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 156.18 ($2.10) and traded as low as GBX 143 ($1.92). DFS Furniture shares last traded at GBX 150 ($2.02), with a volume of 194,759 shares.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and set a GBX 233 target price on shares of DFS Furniture in a research report on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, DFS Furniture currently has an average rating of "Buy" and a consensus target price of GBX 233.

DFS Furniture Stock Up 4.0%

The business has a fifty day moving average of GBX 156.18 and a 200 day moving average of GBX 152.61. The firm has a market cap of £359.94 million, a P/E ratio of 5,200.93, a P/E/G ratio of 0.56 and a beta of 1.58. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38.

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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