Kingfisher’s (KGF) Outperform Rating Reaffirmed at Royal Bank Of Canada

Kingfisher (LON:KGF)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a report issued on Friday,Digital Look reports. They currently have a GBX 350 price target on the home improvement retailer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 28.21% from the company’s current price.

Several other equities analysts have also commented on KGF. Berenberg Bank reiterated a “hold” rating and set a GBX 295 price objective on shares of Kingfisher in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 260 target price on shares of Kingfisher in a report on Wednesday, May 27th. UBS Group restated a “neutral” rating and set a GBX 295 target price on shares of Kingfisher in a research report on Friday, May 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 291 target price on shares of Kingfisher in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Kingfisher presently has a consensus rating of “Hold” and an average target price of GBX 306.62.

Kingfisher Stock Up 0.1%

Shares of KGF opened at GBX 273 on Friday. The business’s 50 day simple moving average is GBX 284.05 and its 200-day simple moving average is GBX 307.28. Kingfisher has a 1 year low of GBX 240.30 and a 1 year high of GBX 372.30. The stock has a market capitalization of £4.51 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27.

Kingfisher declared that its board has approved a share repurchase plan on Friday, April 10th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication 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.