Kingfisher (LON:KGF) Hits New 1-Year High – Should You Buy?

Kingfisher plc (LON:KGF) shares reached a new 52-week high on Wednesday. The stock traded as high as GBX 372.40 and last traded at GBX 372.33, with a volume of 14,367,061 shares traded. The stock had previously closed at GBX 362.80.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft raised shares of Kingfisher to a “hold” rating and upped their price objective for the stock from GBX 300 to GBX 330 in a research note on Friday, October 2nd. Berenberg Bank raised their price objective on shares of Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a report on Wednesday, September 23rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 316.71.

Kingfisher Stock Down 3.0%

The firm has a fifty day moving average price of GBX 327.69 and a 200 day moving average price of GBX 311.93. 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 company has a market cap of £6.01 billion, a P/E ratio of 20.90, a PEG ratio of 2.87 and a beta of 1.10.

Kingfisher (LON:KGF) last announced its earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. Equities research analysts forecast that Kingfisher plc will post 23.69 earnings per share for the current year.

Kingfisher announced that its Board of Directors has approved a share repurchase program on Tuesday, September 22nd that authorizes the company to buy back outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Share buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Kingfisher news, insider Thierry Garnier sold 732,309 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of GBX 329, for a total value of £2,409,296.61. Insiders own 0.44% of the company’s stock.

About Kingfisher

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.