DFS Furniture (LON:DFS) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• DFS Furniture plc shares fell below their fifty day moving average, with a current trading price of GBX 141.50, compared to the average of GBX 158.69.
• Berenberg Bank maintains a "buy" rating for the stock, with an average target price of GBX 233, indicating strong market confidence.
• The company has a market capitalization of £327.58 million and notable financial indicators including a high P/E ratio of 4,733.33.

DFS Furniture plc (LON:DFS - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 158.69 ($2.14) and traded as low as GBX 140.50 ($1.89). DFS Furniture shares last traded at GBX 141.50 ($1.91), with a volume of 55,757 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 233 target price on shares of DFS Furniture in a research note on Tuesday, July 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of GBX 233.

DFS Furniture Stock Performance

The company has a debt-to-equity ratio of 258.38, a current ratio of 0.35 and a quick ratio of 0.10. The stock has a market capitalization of £321.81 million, a price-to-earnings ratio of 4,650.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The stock has a 50-day moving average of GBX 157.28 and a 200 day moving average of GBX 152.44.

About DFS Furniture

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.