DFS Furniture (LON:DFS) Shares Cross Above 50 Day Moving Average – Time to Sell?

DFS Furniture plc (LON:DFS)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 176.77 and traded as high as GBX 200. DFS Furniture shares last traded at GBX 200, with a volume of 260,981 shares.

Analyst Ratings Changes

Several research firms recently issued reports on DFS. Berenberg Bank upped their target price on DFS Furniture from GBX 241 to GBX 247 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Shore Capital reiterated a “no recommendation” rating on shares of DFS Furniture in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 223.50.

DFS Furniture Stock Performance

The company has a market capitalization of £462.17 million, a P/E ratio of 19.42, a PEG ratio of 0.56 and a beta of 1.58. The stock’s fifty day moving average price is GBX 176.77 and its 200-day moving average price is GBX 163.52. 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 Activity

In other DFS Furniture news, insider Tony Buffin acquired 2,898 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of GBX 156 per share, with a total value of £4,520.88. 38.89% of the stock is currently owned by insiders.

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.