Kingfisher plc (LON:KGF) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Kingfisher plc (LON:KGF) have earned a consensus rating of “Reduce” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research 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 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 300.43.

KGF has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 260 target price on shares of Kingfisher in a research report on Wednesday, May 27th. Jefferies Financial Group reissued a “hold” rating and set a GBX 291 price target on shares of Kingfisher in a research report on Tuesday, May 26th. UBS Group reissued a “neutral” rating and issued 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 report on Wednesday, May 27th.

Kingfisher Trading Down 0.0%

LON KGF opened at GBX 286 on Friday. Kingfisher has a twelve month low of GBX 240.30 and a twelve month high of GBX 372.30. The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21. The stock has a market cap of £4.80 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.87 and a beta of 1.11. The firm’s 50 day moving average price is GBX 285.43 and its two-hundred day moving average price is GBX 308.37.

Kingfisher declared that its Board of Directors has authorized a share repurchase plan on Friday, April 10th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors 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.