DFS Furniture (LON:DFS) Stock Price Crosses Below Fifty 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.

Shares of DFS Furniture plc (LON:DFS - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 158.69 ($2.17) and traded as low as GBX 140.50 ($1.92). DFS Furniture shares last traded at GBX 141.50 ($1.93), with a volume of 55,757 shares changing hands.

Analyst Ratings Changes

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

DFS Furniture Price Performance

The stock has a market capitalization of £327.58 million, a P/E ratio of 4,733.33, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The company has a debt-to-equity ratio of 258.38, a quick ratio of 0.10 and a current ratio of 0.35. The stock has a 50-day simple moving average of GBX 158.69 and a 200 day simple moving average of GBX 152.23.

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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