Kingfisher plc (LON:KGF) Given Average Rating of “Reduce” by Analysts

Shares of Kingfisher plc (LON:KGF) have received an average recommendation of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 300.43.

Several brokerages recently issued reports on KGF. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 260 price objective on shares of Kingfisher in a research note on Wednesday, May 27th. Jefferies Financial Group restated a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a research note on Tuesday, May 26th. UBS Group restated a “neutral” rating and set a GBX 295 price objective on shares of Kingfisher in a research note on Friday, May 22nd. Finally, Berenberg Bank restated a “hold” rating and set a GBX 295 price objective on shares of Kingfisher in a research note on Wednesday, May 27th.

Kingfisher Stock Performance

Shares of KGF opened at GBX 282.30 on Monday. The business’s fifty day moving average price is GBX 289.40 and its 200 day moving average price is GBX 310.89. Kingfisher has a 12-month low of GBX 240.30 and a 12-month high of GBX 372.30. The stock has a market capitalization of £4.73 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11. 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 (LON:KGF) last announced its quarterly earnings data on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Kingfisher had a return on equity of 3.91% and a net margin of 1.89%. Equities research analysts forecast that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher announced that its Board of Directors has approved a stock repurchase plan on Friday, April 10th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are 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.