Kingfisher (LON:KGF) Price Target Raised to GBX 334

Kingfisher (LON:KGF) had its price target lifted by Berenberg Bank from GBX 331 to GBX 334 in a research note released on Tuesday, Marketbeat reports. They currently have a hold rating on the home improvement retailer’s stock.

Several other brokerages have also recently commented on KGF. JPMorgan Chase & Co. restated an “underweight” rating on shares of Kingfisher in a research note on Wednesday, July 30th. Citigroup raised their target price on shares of Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a report on Wednesday. Peel Hunt reaffirmed an “add” rating and issued a GBX 320 price target on shares of Kingfisher in a report on Tuesday. Jefferies Financial Group increased their price target on Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 309.14.

Kingfisher Stock Up 1.2%

Kingfisher stock opened at GBX 306.88 on Tuesday. The business’s 50-day simple moving average is GBX 301.08 and its two-hundred day simple moving average is GBX 285.03. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The company has a market cap of £5.27 billion, a PE ratio of 29.23, a PEG ratio of 2.87 and a beta of 0.96. Kingfisher has a fifty-two week low of GBX 227.20 and a fifty-two week high of GBX 320.60.

Kingfisher (LON:KGF) last released its earnings results on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 EPS for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. Equities analysts anticipate that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 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.