DFS Furniture (LON:DFS) Reaches New 12-Month High – Here’s What Happened

DFS Furniture plc (LON:DFS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 200 and last traded at GBX 196, with a volume of 1312280 shares changing hands. The stock had previously closed at GBX 195.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Berenberg Bank upped their price target on shares of DFS Furniture from GBX 241 to GBX 247 and gave the company a “buy” rating in a report on Wednesday, January 21st. Shore Capital reiterated a “no recommendation” rating on shares of DFS Furniture in a report on Tuesday, January 20th. Finally, Jefferies Financial Group increased their price objective on DFS Furniture from GBX 190 to GBX 200 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 223.50.

DFS Furniture Price Performance

The company has a market cap of £452.92 million, a P/E ratio of 19.03, a P/E/G ratio of 0.56 and a beta of 1.58. The stock has a 50-day simple moving average of GBX 172.02 and a 200 day simple moving average of GBX 162.26. The company has a debt-to-equity ratio of 258.38, a quick ratio of 0.10 and a current ratio of 0.35.

Insider Buying and Selling

In other DFS Furniture news, insider Tony Buffin purchased 33,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of GBX 160 per share, for a total transaction of £52,800. 38.95% of the stock is currently owned by company insiders.

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.