Kingfisher (LON:KGF) Price Target Raised to GBX 260

Kingfisher (LON:KGF) had its price target increased by Deutsche Bank Aktiengesellschaft from GBX 255 to GBX 260 in a report released on Friday, MarketBeat.com reports. They currently have a sell rating on the home improvement retailer’s stock.

Other research analysts also recently issued research reports about the company. Berenberg Bank cut their target price on Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a research note on Wednesday, March 25th. UBS Group reissued a “neutral” rating and issued a GBX 315 price target on shares of Kingfisher in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Kingfisher presently has a consensus rating of “Reduce” and an average price target of GBX 303.75.

Kingfisher Trading Down 1.8%

LON KGF opened at GBX 273.90 on Friday. The business has a 50 day simple moving average of GBX 332.19 and a 200 day simple moving average of GBX 312.61. 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 has a one year low of GBX 238.10 and a one year high of GBX 372.30. The stock has a market capitalization of £4.61 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.87 and a beta of 1.05.

Kingfisher (LON:KGF) last posted its quarterly earnings results 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%. Research analysts expect that Kingfisher will post 23.6949924 earnings per share for the current year.

Insider Buying and Selling

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

About Kingfisher

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.