Kingfisher (LON:KGF) Upgraded to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Kingfisher (LON:KGF) to a hold rating in a research note published on Friday, Marketbeat.com reports. The firm currently has GBX 330 price target on the home improvement retailer’s stock, up from their prior price target of GBX 300.

A number of other brokerages have also recently weighed in on KGF. Jefferies Financial Group reiterated a “hold” rating and set a GBX 291 price target on shares of Kingfisher in a research report on Monday, July 27th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 350 price objective on shares of Kingfisher in a report on Friday, July 10th. Finally, Berenberg Bank increased their price objective on shares of Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 316.71.

Kingfisher Price Performance

KGF stock opened at GBX 328.30 on Friday. Kingfisher has a 52-week low of GBX 266.40 and a 52-week high of GBX 372.30. The company has a quick ratio of 0.27, a current ratio of 1.23 and a debt-to-equity ratio of 38.32. The stock has a market cap of £5.32 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.87 and a beta of 1.13. The business has a fifty day moving average of GBX 315.76 and a two-hundred day moving average of GBX 297.85.

Kingfisher (LON:KGF) last announced its quarterly earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 EPS for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. As a group, research analysts anticipate that Kingfisher will post 23.6949924 earnings per share for the current year.

Kingfisher announced that its board has initiated a stock buyback plan on Tuesday, September 22nd 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 often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Kingfisher

In related news, insider Thierry Garnier sold 732,309 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of GBX 329, for a total transaction of £2,409,296.61. Insiders own 0.35% of the company’s stock.

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.