DFS Furniture (LON:DFS) Stock Price Crosses Below 50 Day Moving Average of $134.81

DFS Furniture plc (LON:DFSGet Rating)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 134.81 ($1.63) and traded as low as GBX 123.20 ($1.49). DFS Furniture shares last traded at GBX 123.20 ($1.49), with a volume of 279,370 shares traded.

Analysts Set New Price Targets

DFS has been the subject of several analyst reports. Berenberg Bank lowered their price objective on DFS Furniture from GBX 325 ($3.93) to GBX 280 ($3.38) and set a “buy” rating for the company in a research report on Tuesday, June 7th. Shore Capital restated a “not rated” rating on shares of DFS Furniture in a research report on Thursday, September 15th.

DFS Furniture Stock Performance

The firm has a 50-day moving average price of GBX 134.81 and a 200 day moving average price of GBX 161.59. The firm has a market capitalization of £301.58 million and a PE ratio of 724.71. The company has a quick ratio of 0.13, a current ratio of 0.32 and a debt-to-equity ratio of 204.98.

DFS Furniture Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be issued a GBX 3.70 ($0.04) dividend. The ex-dividend date is Thursday, December 1st. This represents a yield of 3.14%. DFS Furniture’s dividend payout ratio (DPR) is presently 44.12%.

About DFS Furniture

(Get Rating)

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails upholstered furniture in the United Kingdom and Europe. The company retails sofas under the DFS and Sofology brands; and modern furniture, lighting, and home accessories under the brand name. It also engages in the contract logistics business.

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