DFS Furniture (LON:DFS) Price Target Lowered to GBX 120 at Berenberg Bank

DFS Furniture (LON:DFS) had its price target trimmed by Berenberg Bank from GBX 180 ($2.27) to GBX 120 ($1.52) in a report released on Wednesday, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Separately, Shore Capital restated a not rated rating on shares of DFS Furniture in a research report on Wednesday, March 20th.

DFS Furniture Stock Down 2.0 %

Shares of DFS Furniture stock opened at GBX 110.60 ($1.40) on Wednesday. The firm has a market cap of £258.96 million, a P/E ratio of 1,382.50, a P/E/G ratio of 0.56 and a beta of 1.60. The business has a 50-day moving average price of GBX 115.93 and a 200 day moving average price of GBX 111.98. The company has a quick ratio of 0.10, a current ratio of 0.23 and a debt-to-equity ratio of 239.47. DFS Furniture has a fifty-two week low of GBX 95.90 ($1.21) and a fifty-two week high of GBX 154.80 ($1.96).

DFS Furniture Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 18th will be issued a GBX 1.10 ($0.01) dividend. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, April 18th. DFS Furniture’s payout ratio is currently 5,000.00%.

About DFS Furniture

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.