Kingfisher plc (LON:KGF) Receives GBX 300.43 Average PT from Analysts

Shares of Kingfisher plc (LON:KGF) have been given an average rating of “Reduce” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 300.43.

A number of analysts have commented on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 295 price objective on shares of Kingfisher in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 260 price objective on shares of Kingfisher in a research report on Wednesday, May 27th. UBS Group reiterated a “neutral” rating and issued a GBX 295 price objective on shares of Kingfisher in a research report on Friday, May 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a research report on Tuesday, May 26th.

Kingfisher Price Performance

Shares of KGF stock opened at GBX 290 on Monday. The stock has a 50 day moving average of GBX 289.60 and a two-hundred day moving average of GBX 310.49. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 38.02. Kingfisher has a 12 month low of GBX 240.30 and a 12 month high of GBX 372.30. The company has a market capitalization of £4.86 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.87 and a beta of 1.11.

Kingfisher (LON:KGF) last announced its quarterly earnings data on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 EPS for the quarter. Kingfisher had a return on equity of 3.91% and a net margin of 1.89%. As a group, equities analysts expect that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher declared that its board has approved a stock buyback program on Friday, April 10th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About Kingfisher

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.