In a report released today, Andrew Wade from Jefferies reiterated a Buy rating on DFS Furniture (DFS – Research Report), with a price target of p190.00.
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Andrew Wade’s rating is based on DFS Furniture’s notable recovery in profitability and strong trading trends observed in the first half of the year. The company reported a significant increase in profit before tax, nearly doubling from the previous year, which highlights its robust financial performance.
Additionally, Wade sees potential for further improvements in the fiscal year 2025 figures, supported by an optimistic market outlook and the company’s substantial margin recovery. This positive trajectory has led to an increase in the price target to 190p, reinforcing confidence in DFS Furniture’s future growth prospects.
In another report released on March 14, Berenberg Bank also maintained a Buy rating on the stock with a p233.00 price target.