Citigroup Forecasts Strong Price Appreciation for Kingfisher (LON:KGF) Stock

Kingfisher (LON:KGF) had its price objective boosted by Citigroup from GBX 300 to GBX 311 in a research note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the home improvement retailer’s stock. Citigroup’s price target indicates a potential upside of 2.27% from the company’s current price.

Several other equities research analysts also recently issued reports on KGF. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Kingfisher in a report on Wednesday, July 30th. Peel Hunt reissued an “add” rating and set a GBX 320 target price on shares of Kingfisher in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Canaccord Genuity Group raised their price objective on shares of Kingfisher from GBX 306 to GBX 331 and gave the company a “hold” rating in a research report on Tuesday, September 23rd. Finally, Berenberg Bank lowered their price target on Kingfisher from GBX 312 to GBX 306 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of GBX 305.50.

Kingfisher Price Performance

KGF stock traded down GBX 5.80 during mid-day trading on Wednesday, hitting GBX 304.10. The stock had a trading volume of 55,154,109 shares, compared to its average volume of 22,458,713. The firm has a fifty day simple moving average of GBX 298.81 and a 200 day simple moving average of GBX 284.75. The firm has a market capitalization of £5.22 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.87 and a beta of 0.96. Kingfisher has a 52 week low of GBX 227.20 and a 52 week high of GBX 320.60. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12.

Kingfisher (LON:KGF) last issued its earnings results on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 earnings per share (EPS) for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. As a group, research analysts forecast that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 colleagues. We operate in seven 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.