DFS Furniture (LON:DFS) Reaches New 52-Week High – Still a Buy?

Shares of DFS Furniture plc (LON:DFS) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 184 and last traded at GBX 180, with a volume of 53608 shares. The stock had previously closed at GBX 180.

Wall Street Analysts Forecast Growth

DFS has been the subject of several research reports. 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. Berenberg Bank upped their price objective on shares of DFS Furniture from GBX 233 to GBX 241 and gave the company a “buy” rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 220.50.

DFS Furniture Stock Performance

The company has a market cap of £415.95 million, a P/E ratio of 17.48, a P/E/G ratio of 0.56 and a beta of 1.58. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38. The business has a 50-day moving average price of GBX 164.06 and a two-hundred day moving average price of GBX 160.35.

Insiders Place Their Bets

In other DFS Furniture news, insider Tony Buffin purchased 33,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average price of GBX 160 per share, with a total value of £52,800. Corporate insiders own 38.95% of the company’s stock.

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.