In a report released on September 25, Andrew Wade from Jefferies maintained a Buy rating on DFS Furniture, with a price target of p190.00.
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Andrew Wade has given his Buy rating due to a combination of factors including DFS Furniture’s strong financial performance in FY25 and positive outlook for FY26. The company reported a pre-tax profit of £30.2 million, which exceeded the guidance range and demonstrated a significant improvement in revenue and profit margins. Additionally, DFS’s net debt was lower than expected, indicating strong financial management.
Looking ahead, DFS is entering FY26 with solid momentum and a strong order book, despite a cautious market environment. The company’s endorsement of FY26 consensus expectations for pre-tax profit reflects confidence in its ongoing performance. These factors collectively support Andrew Wade’s optimistic outlook and Buy rating for DFS Furniture’s stock.
In another report released today, UBS also upgraded the stock to a Buy with a £2.10 price target.
DFS’s price has also changed moderately for the past six months – from p136.000 to p153.000, which is a 12.50% increase.