DFS Furniture PLC (LON:DFS) Rating Reaffirmed
London: In a very recent research note revealed on Friday, 11 December, Berenberg has decided to restate their Buy rating on DFS Furniture PLC (LON:DFS) shares. They now have a GBX 360.00 target price per share on the firm. Berenberg’s target would suggest a potential upside of 7.49% from the company’s previous close.
From a total of 5 analysts covering DFS Furniture PLC (LON:DFS) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is GBX 360 while the lowest target price is GBX 315. The mean of all analyst targets is GBX 347.50 with a 3.76% above today’s (GBX 334.9) stock price. DFS Furniture PLC was the topic of 13 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 24 with “Buy” rating. Beaufort Securities maintained DFS stock in a recent report from October 9 with “Buy” rating. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on an October 7.
The stock decreased 0.45% or GBX 1.5 on December 10, striking GBX 334.9. Approximately 73,023 shares of stock traded hands. DFS Furniture PLC (LON:DFS) has risen 27.46% since May 14, 2015 and is uptrending. It has outperformed by 29.39% the S&P500.
The overall sentiment of institutions has increased to 0.85 in Q2 2015. Its up 0.11, from 0.74 in 2015Q2. The ratio is positive, as 86 institutions have sold all the shares of DFS Furniture PLC that they owned while 274 funds have taken shares off the table. 49 funds have purchased shares for the first time while 257 added to their positions. These institutions now hold 366.93 million shares or 2.47% more than the 358.10 million shares they owned in 2015Q2.
The Fund Seawolf Capital Llc currently is holding shares equating to 7.19% of its total portfolio in DFS Furniture PLC representing a total of 553,600 shares. Another fund,Tpg, is holding a total of 1.76 million shares equating to 7.12% of their holdings. Additionally, Boston Provident L.P. has a 148,832 share stake in DFS Furniture PLC which represents 6.6% of their total portfolio. The Fund, Senator Investment Group Lp, based out of New York, has also built up a stake in the stock, which represents a total of 6.36% of their total portfolio. Finally Zenit Asset Management Ab, a fund which is based in the state of Sweden reported a total holdings of 493,100 shares.
DFS Furniture plc, formerly Diamond Holdco 1 Limited, is the upholstery retailer in the United Kingdom. The company has a market cap of 709.72 million GBP. The Firm designs, makes, sells, delivers and installs a range of upholstered and other furniture products for its customers. It has 77.88 P/E ratio. The Firm offers over 10 unit types per range, and a range of materials with approximately 50 colors available.
According to Zacks Investment Research, “Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network, which serves more than four thousand four hundred financial institutions and includes nearly two lakhs sixty thousand ATMs, as well as POS terminals, nationwide.” Get a free copy of the Zacks research report on DFS Furniture PLC (DFS).