Kingfisher plc (LON:KGF) Receives Average Rating of “Reduce” from Analysts

Shares of Kingfisher plc (LON:KGF) have received a consensus rating of “Reduce” from the nine brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 302.25.

KGF has been the topic of several research analyst reports. UBS Group reiterated a “neutral” rating and set a GBX 315 price target on shares of Kingfisher in a research note on Wednesday, March 25th. Berenberg Bank dropped their price target on Kingfisher from GBX 333 to GBX 310 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 260 price target on shares of Kingfisher in a research note on Thursday, May 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 291 price target on shares of Kingfisher in a research note on Thursday, May 7th.

Kingfisher Stock Up 1.0%

Shares of KGF stock opened at GBX 284.70 on Thursday. Kingfisher has a 1-year low of GBX 240.30 and a 1-year high of GBX 372.30. The stock’s fifty day moving average price is GBX 298.20 and its 200 day moving average price is GBX 313.48. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27. The company has a market cap of £4.77 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11.

Kingfisher (LON:KGF) last posted its quarterly earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share for the quarter. Kingfisher had a return on equity of 3.91% and a net margin of 1.89%. On average, research analysts expect that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher declared that its Board of Directors has initiated a stock buyback plan on Friday, April 10th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of more than 70,000 colleagues. We operate in seven countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.