Kingfisher plc (LON:KGF) Stock Rated “Hold” by Sell-Side Brokerages

Kingfisher plc (LON:KGF) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 316.71.

Several equities research analysts have issued reports on KGF shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a research note on Friday, July 10th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a research report on Monday, July 27th. Berenberg Bank upped their price objective on shares of Kingfisher from GBX 295 to GBX 320 and gave the company a “hold” rating in a research note on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Kingfisher to a “hold” rating and raised their target price for the stock from GBX 300 to GBX 330 in a research report on Friday, October 2nd.

Insiders Place Their Bets

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

Kingfisher Trading Up 2.8%

Kingfisher stock opened at GBX 387.90 on Thursday. The stock has a market cap of £6.34 billion, a PE ratio of 22.04, a P/E/G ratio of 2.87 and a beta of 1.10. The stock has a 50-day moving average price of GBX 326.59 and a 200 day moving average price of GBX 311.62. Kingfisher has a 52 week low of GBX 266.40 and a 52 week high of GBX 388.50. The company has a current ratio of 1.23, a quick ratio of 0.27 and a debt-to-equity ratio of 38.32.

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 net margin of 2.29% and a return on equity of 4.86%. Equities research analysts predict that Kingfisher will post 23.69 earnings per share for the current fiscal year.

Kingfisher announced that its board has approved a stock buyback program on Tuesday, September 22nd that permits the company to repurchase shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.