Kingfisher (LON:KGF) Reaches New 12-Month High – Still a Buy?

Shares of Kingfisher plc (LON:KGF) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 367.50 and last traded at GBX 367.40, with a volume of 23835295 shares trading hands. The stock had previously closed at GBX 364.90.

Analyst Upgrades and Downgrades

KGF has been the subject of several recent analyst reports. Peel Hunt reaffirmed an “add” rating and issued a GBX 320 target price on shares of Kingfisher in a report on Tuesday, November 25th. Berenberg Bank boosted their price objective on Kingfisher from GBX 331 to GBX 334 and gave the company a “hold” rating in a research report on Tuesday, November 25th. Jefferies Financial Group increased their target price on Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a research note on Tuesday, November 18th. Finally, Citigroup upped their price target on Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of GBX 309.14.

Kingfisher Price Performance

The firm has a market cap of £6.25 billion, a P/E ratio of 35.08, a P/E/G ratio of 2.87 and a beta of 0.96. The firm’s fifty day simple moving average is GBX 330.73 and its 200 day simple moving average is GBX 303.90. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26.

Insider Buying and Selling

In other news, insider Lucinda Riches purchased 15,000 shares of the business’s stock in a transaction on Monday, January 12th. The stock was acquired at an average price of GBX 323 per share, for a total transaction of £48,450. Insiders own 0.37% 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 c.73,000 colleagues. We operate in seven countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.