Kingfisher (LON:KGF) Reaches New 1-Year High – Still a Buy?

Kingfisher plc (LON:KGF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 342.40 and last traded at GBX 342.30, with a volume of 5504732 shares traded. The stock had previously closed at GBX 337.50.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Peel Hunt reissued an “add” rating and issued a GBX 320 price objective on shares of Kingfisher in a research report on Tuesday, November 25th. Citigroup boosted their price objective on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft raised their target price on Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a research note on Tuesday, November 18th. Finally, Berenberg Bank lifted their target price on Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Kingfisher presently has a consensus rating of “Reduce” and an average price target of GBX 309.14.

Kingfisher Stock Up 1.0%

The firm’s fifty day moving average price is GBX 314.49 and its two-hundred day moving average price is GBX 294.42. The stock has a market cap of £5.81 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

Insiders Place Their Bets

In other news, insider Lucinda Riches purchased 15,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were acquired at an average price of GBX 323 per share, for a total transaction of £48,450. Company insiders own 0.35% of the company’s stock.

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.