DFS Furniture (LON:DFS) Stock Price Passes Below 50-Day Moving Average - What's Next?

Key Points

• DFS Furniture plc has seen its stock price fall below the 50-day moving average of GBX 166.29, indicating a potential selling signal for investors.
• Analysts from Berenberg Bank have reiterated a "buy" rating for DFS shares, setting a price target of GBX 233 ($3.10).
• The company's financial ratios suggest a high debt-to-equity ratio of 258.38, with a current ratio of 0.35, which may raise concerns for potential investors.

DFS Furniture plc (LON:DFS - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 166.29 ($2.22) and traded as low as GBX 158 ($2.11). DFS Furniture shares last traded at GBX 160 ($2.14), with a volume of 41,003 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 233 ($3.11) price target on shares of DFS Furniture in a research report on Tuesday, July 1st.

DFS Furniture Stock Down 0.9%

The company's 50-day moving average is GBX 166.05 and its 200 day moving average is GBX 149.37. The stock has a market capitalization of £365.25 million, a PE ratio of -84.87, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The company has a current ratio of 0.35, a quick ratio of 0.10 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.