Kingfisher (LON:KGF) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher (LON:KGF) to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has GBX 280 target price on the home improvement retailer’s stock, down from their previous target price of GBX 320.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Kingfisher in a report on Wednesday, July 30th. Citigroup reduced their price objective on shares of Kingfisher from GBX 300 to GBX 285 and set a “neutral” rating on the stock in a research note on Wednesday, August 13th. Berenberg Bank reduced their price objective on shares of Kingfisher from GBX 312 to GBX 306 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Finally, Barclays downgraded shares of Kingfisher to an “underweight” rating and increased their price objective for the stock from GBX 275 to GBX 280 in a research note on Tuesday, May 20th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 287.75.

Kingfisher Trading Down 1.1%

Shares of LON:KGF opened at GBX 263.30 on Tuesday. The company has a market capitalization of £4.65 billion, a P/E ratio of 14.03, a P/E/G ratio of 2.87 and a beta of 0.96. Kingfisher has a 1 year low of GBX 227.20 and a 1 year high of GBX 333.50. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The business’s 50 day simple moving average is GBX 277.16 and its 200 day simple moving average is GBX 272.37.

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.