DFS Furniture plc (LON:DFS – Get Free Report)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 114.37 ($1.44) and traded as high as GBX 118 ($1.48). DFS Furniture shares last traded at GBX 116.20 ($1.46), with a volume of 1,235,887 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages have recently commented on DFS. Berenberg Bank reduced their target price on DFS Furniture from GBX 180 ($2.26) to GBX 120 ($1.51) and set a “hold” rating for the company in a research note on Wednesday, March 27th. Shore Capital reaffirmed a “not rated” rating on shares of DFS Furniture in a research report on Wednesday, March 20th.
Get Our Latest Analysis on DFS Furniture
DFS Furniture Stock Performance
DFS Furniture Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 18th will be issued a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date is Thursday, April 18th. This represents a yield of 0.98%. DFS Furniture’s payout ratio is currently 5,000.00%.
DFS Furniture Company Profile
DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland. The company retails sofas under the DFS and Sofology brand names. It also engages in the manufacture of upholstered furniture and the supply of contract logistics.
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