Kingfisher plc (LON:KGF) Receives GBX 309.14 Consensus Target Price from Brokerages

Shares of Kingfisher plc (LON:KGF) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 309.14.

Several brokerages have recently weighed in on KGF. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a research note on Tuesday, November 18th. Peel Hunt reaffirmed an “add” rating and set a GBX 320 target price on shares of Kingfisher in a report on Tuesday, November 25th. Canaccord Genuity Group lifted their price target on shares of Kingfisher from GBX 306 to GBX 331 and gave the stock a “hold” rating in a research note on Tuesday, September 23rd. Citigroup boosted their price objective on shares of Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group raised their target price on Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a report on Wednesday, November 26th.

Kingfisher Stock Performance

KGF stock opened at GBX 304.50 on Monday. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. Kingfisher has a 1 year low of GBX 227.20 and a 1 year high of GBX 320.60. The company has a market cap of £5.21 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The stock’s fifty day moving average price is GBX 304.22 and its 200-day moving average price is GBX 284.86.

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

About Kingfisher

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of c.73,000 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.