Kingfisher (LON:KGF) Stock Rating Lowered by Barclays

Kingfisher (LON:KGF) was downgraded by Barclays to an “underweight” rating in a report issued on Tuesday,Digital Look reports. They currently have a GBX 280 ($3.74) price objective on the home improvement retailer’s stock, up from their previous price objective of GBX 275 ($3.67). Barclays‘s price objective would indicate a potential downside of 11.11% from the company’s previous close.

Kingfisher Price Performance

Shares of KGF traded up GBX 1.50 ($0.02) during trading hours on Tuesday, reaching GBX 315 ($4.21). The company had a trading volume of 42,877,563 shares, compared to its average volume of 27,076,025. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The firm has a 50 day simple moving average of GBX 271.61 and a 200-day simple moving average of GBX 261.54. Kingfisher has a 12-month low of GBX 227.20 ($3.03) and a 12-month high of GBX 333.50 ($4.45). The company has a market capitalization of £5.57 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF) last posted its quarterly earnings data on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) earnings per share for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. Research analysts expect that Kingfisher will post 23.6949924 earnings per share for the current year.

About Kingfisher

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçta?. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.