Berenberg Bank Issues Pessimistic Forecast for Kingfisher (LON:KGF) Stock Price

Kingfisher (LON:KGF) had its price target decreased by research analysts at Berenberg Bank from GBX 333 to GBX 310 in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Berenberg Bank’s target price would indicate a potential upside of 9.84% from the stock’s current price.

Several other research firms have also recently weighed in on KGF. Peel Hunt reissued an “add” rating and issued a GBX 320 price target on shares of Kingfisher in a report on Tuesday, November 25th. Citigroup boosted their price objective on Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Jefferies Financial Group upped their target price on Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Kingfisher presently has a consensus rating of “Reduce” and a consensus price target of GBX 306.88.

Kingfisher Price Performance

LON:KGF opened at GBX 282.22 on Wednesday. The company has a market cap of £4.75 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.87 and a beta of 1.05. The firm’s fifty day moving average price is GBX 333.08 and its two-hundred day moving average price is GBX 311.58. Kingfisher has a one year low of GBX 238.10 and a one year high of GBX 372.30. The company has a debt-to-equity ratio of 36.39, a current ratio of 1.21 and a quick ratio of 0.27.

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

Insider Activity at Kingfisher

In other Kingfisher news, insider Lucinda Riches purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were acquired at an average cost of GBX 323 per share, for a total transaction of £48,450. Company insiders own 0.37% of the company’s stock.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of c.73,000 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.