DFS Furniture PLC (DFS) Downgraded by Numis Securities Ltd to Hold

Numis Securities Ltd cut shares of DFS Furniture PLC (LON:DFS) to a hold rating in a research report sent to investors on Friday. The brokerage currently has GBX 280 ($3.65) price target on the stock.

A number of other equities research analysts have also weighed in on DFS. Berenberg Bank dropped their price target on DFS Furniture PLC from GBX 360 ($4.70) to GBX 310 ($4.05) and set a buy rating on the stock in a research note on Monday, August 15th. Jefferies Group restated a buy rating and set a GBX 255 ($3.33) price target on shares of DFS Furniture PLC in a research note on Thursday, August 11th. Finally, Beaufort Securities restated a hold rating on shares of DFS Furniture PLC in a research note on Friday.

DFS Furniture PLC (LON:DFS) traded down 4.45% during midday trading on Friday, reaching GBX 247.10. 228,721 shares of the company traded hands. The stock’s market capitalization is GBX 525.74 million. The firm has a 50-day moving average of GBX 264.69 and a 200-day moving average of GBX 269.10. DFS Furniture PLC has a 1-year low of GBX 175.35 and a 1-year high of GBX 354.04.

The firm also recently declared a dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Thursday, December 8th will be paid a dividend of GBX 7.50 ($0.10) per share. This is a positive change from DFS Furniture PLC’s previous dividend of $3.50. The ex-dividend date of this dividend is Thursday, December 8th. This represents a dividend yield of 2.74%.

DFS Furniture PLC Company Profile

DFS Furniture plc, formerly Diamond Holdco 1 Limited, is the upholstery retailer in the United Kingdom. The Company designs, manufactures, sells, delivers and installs a range of upholstered and other furniture products for its customers. The Company offers over 10 unit types per range, and a range of materials with approximately 50 colors available.

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