Jefferies analyst Andrew Wade maintained a Buy rating on DFS Furniture today and set a price target of p230.00.
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Andrew Wade has given his Buy rating due to a combination of factors, including DFS Furniture’s robust first-half performance, where both sales and profits rose sharply, highlighting strong operational execution. He also notes that, despite recent pressure on store traffic from poor weather and fragile consumer sentiment, management has maintained its profit guidance for fiscal year 2026, signalling confidence in the business outlook.
At the same time, Wade acknowledges potential risks from rising costs and possible supply chain disturbances tied to geopolitical tensions, but points out that these have not yet materially affected the company. With the share price having dropped materially since mid-February, he judges that the current valuation already discounts many of these headwinds and therefore presents an attractive entry point for investors willing to look through near-term uncertainty.
In another report released on March 12, TipRanks – PerPlexity also upgraded the stock to a Buy with a p196.00 price target.