Separately, Berenberg Bank upgraded shares of DFS Furniture to a buy rating and raised their price target for the company from GBX 230 ($3.01) to GBX 280 ($3.66) in a research note on Friday, February 15th.
Shares of DFS traded up GBX 6 ($0.08) during mid-day trading on Thursday, reaching GBX 240 ($3.14). The company had a trading volume of 225,510 shares, compared to its average volume of 329,185. DFS Furniture has a 1-year low of GBX 170 ($2.22) and a 1-year high of GBX 250 ($3.27). The company has a current ratio of 0.58, a quick ratio of 0.23 and a debt-to-equity ratio of 82.13. The company has a market cap of $496.47 million and a P/E ratio of 26.97.
In related news, insider Ian Durant purchased 13,000 shares of DFS Furniture stock in a transaction dated Monday, December 17th. The shares were bought at an average cost of GBX 184 ($2.40) per share, for a total transaction of £23,920 ($31,255.72).
DFS Furniture Company Profile
DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails a range of sofas, upholstered furniture, and other living room furniture products in the United Kingdom and Europe. As of July 30, 2018, it operated a network of 116 DFS stores, as well as 44 stores with converted warehouse space.
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