Kingfisher plc (LON:KGF) Given Average Rating of “Reduce” by Brokerages

Kingfisher plc (LON:KGF) has earned a consensus recommendation of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two investment 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 target price among brokers that have issued ratings on the stock in the last year is GBX 300.43.

KGF has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating and set a GBX 295 price objective on shares of Kingfisher in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 260 target price on shares of Kingfisher in a research report on Wednesday, May 27th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 295 price target on shares of Kingfisher in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 291 price target on shares of Kingfisher in a research note on Tuesday, May 26th.

Kingfisher Trading Down 0.0%

Kingfisher stock opened at GBX 286 on Friday. The company’s fifty day simple moving average is GBX 285.43 and its 200-day simple moving average is GBX 308.37. The company has a quick ratio of 0.27, a current ratio of 1.21 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 stock has a market cap of £4.80 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.87 and a beta of 1.11.

Kingfisher declared that its board has approved a share repurchase program on Friday, April 10th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.