Kingfisher plc (LON:KGF) Receives Average Recommendation of “Reduce” from Analysts

Kingfisher plc (LON:KGF) has been given a consensus recommendation of “Reduce” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 300.43.

Several brokerages recently weighed in on KGF. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 291 price target on shares of Kingfisher in a report on Tuesday, May 26th. UBS Group restated a “neutral” rating and set a GBX 295 price objective on shares of Kingfisher in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 260 target price on shares of Kingfisher in a research note on Wednesday, May 27th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 295 target price on shares of Kingfisher in a report on Wednesday, May 27th.

Kingfisher Stock Down 4.2%

Kingfisher stock opened at GBX 268.16 on Friday. The stock has a 50 day moving average of GBX 284.80 and a two-hundred day moving average of GBX 307.84. Kingfisher has a twelve month low of GBX 240.30 and a twelve month high of GBX 372.30. The stock has a market capitalization of £4.43 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.87 and a beta of 1.12. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 38.02.

Kingfisher declared that its board has initiated a stock repurchase program on Friday, April 10th that permits the company to buyback 0 shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Kingfisher Company Profile

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 Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.