Kingfisher (LON:KGF) Upgraded to “Buy” by HSBC

Kingfisher (LON:KGF) was upgraded by equities research analysts at HSBC to a “buy” rating in a report released on Thursday, Digital Look reports. The firm presently has a GBX 305 ($3.86) target price on the home improvement retailer’s stock. HSBC’s price objective points to a potential upside of 23.23% from the stock’s previous close.

Kingfisher Price Performance

Kingfisher stock opened at GBX 247.50 ($3.13) on Thursday. The firm has a market capitalization of £4.63 billion, a PE ratio of 1,375.00, a price-to-earnings-growth ratio of 58.63 and a beta of 1.00. Kingfisher has a 12-month low of GBX 198.30 ($2.51) and a 12-month high of GBX 264.20 ($3.34). The firm has a 50-day moving average price of GBX 230.53 and a 200-day moving average price of GBX 225.71. The company has a current ratio of 1.29, a quick ratio of 0.27 and a debt-to-equity ratio of 37.49.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing, and IT services. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands.