Kingfisher plc (LON:KGF) Stock Now Rated “Hold” by Wall Street Brokerages

Kingfisher plc (LON:KGF) has been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 316.71.

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

Kingfisher Trading Up 2.8%

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

Kingfisher (LON:KGF) last released its quarterly earnings data on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 EPS for the quarter. Kingfisher had a net margin of 2.29% and a return on equity of 4.86%. On average, analysts forecast that Kingfisher will post 23.69 earnings per share for the current fiscal year.

Kingfisher declared that its Board of Directors has initiated a stock buyback program on Tuesday, September 22nd that authorizes the company to repurchase shares. This buyback authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Kingfisher

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