Berenberg Bank Has Lowered Expectations for Kingfisher (LON:KGF) Stock Price

Kingfisher (LON:KGF) had its price target dropped by Berenberg Bank from GBX 333 to GBX 310 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage presently has a “hold” rating on the home improvement retailer’s stock. Berenberg Bank’s price target would indicate a potential upside of 6.05% from the company’s current price.

Several other brokerages also recently issued reports on KGF. Peel Hunt reiterated an “add” rating and set a GBX 320 price objective on shares of Kingfisher in a research report on Tuesday, November 25th. Jefferies Financial Group raised their target price on Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research report on Wednesday, November 26th. Finally, Citigroup lifted their target price on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Kingfisher has a consensus rating of “Reduce” and an average target price of GBX 306.88.

Kingfisher Stock Up 0.9%

KGF stock opened at GBX 292.33 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 37.15. Kingfisher has a fifty-two week low of GBX 238.10 and a fifty-two week high of GBX 372.30. The firm’s 50-day simple moving average is GBX 334.32 and its 200 day simple moving average is GBX 311.95. The stock has a market cap of £4.92 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05.

Kingfisher (LON:KGF) last posted its earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 1.44% and a return on equity of 2.91%. As a group, sell-side analysts predict that Kingfisher will post 23.6949924 EPS for the current year.

Insider Activity

In other news, insider Lucinda Riches purchased 15,000 shares of the stock in a transaction dated Monday, January 12th. The shares were bought at an average cost of GBX 323 per share, for a total transaction of £48,450. Company insiders own 0.37% of the company’s stock.

Kingfisher Company Profile

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.