Kingfisher plc (LON:KGF) Receives GBX 302.25 Average PT from Analysts

Kingfisher plc (LON:KGF) has been assigned a consensus rating of “Reduce” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned 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 305.43.

KGF has been the topic of several analyst reports. UBS Group reissued a “neutral” rating and set a GBX 315 target price on shares of Kingfisher in a research report on Wednesday, March 25th. Jefferies Financial Group reissued a “hold” rating and set a GBX 291 target price on shares of Kingfisher in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 260 target price on shares of Kingfisher in a research report on Thursday, May 7th. Finally, Berenberg Bank lowered their target price on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating on the stock in a research report on Wednesday, March 25th.

Kingfisher Trading Up 0.5%

Kingfisher stock opened at GBX 289.30 on Thursday. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27. The company has a market capitalization of £4.85 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.87 and a beta of 1.11. Kingfisher has a one year low of GBX 240.30 and a one year high of GBX 372.30. The company’s fifty day moving average price is GBX 292.82 and its two-hundred day moving average price is GBX 312.34.

Kingfisher (LON:KGF) last posted its earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 EPS for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. On average, analysts forecast that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher announced that its Board of Directors has initiated a stock buyback plan on Friday, April 10th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is 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 Koçta?. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.