DFS Furniture (LON:DFS) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

DFS Furniture plc (LON:DFS)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 148.77 and traded as high as GBX 156.50. DFS Furniture shares last traded at GBX 145, with a volume of 89,325 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “buy” rating and issued a GBX 180 price objective on shares of DFS Furniture in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 208.33.

DFS Furniture Price Performance

The stock has a market capitalization of £310.23 million, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.56 and a beta of 1.46. The company’s 50-day simple moving average is GBX 148.85 and its 200-day simple moving average is GBX 141.46. The company has a debt-to-equity ratio of 150.97, a current ratio of 0.27 and a quick ratio of 0.10.

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.