Kingfisher (LON:KGF) Reaches New 52-Week High – Here’s Why

Shares of Kingfisher plc (LON:KGF) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 331.21 and last traded at GBX 331.10, with a volume of 6127042 shares. The stock had previously closed at GBX 323.60.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KGF shares. Deutsche Bank Aktiengesellschaft lifted their target price on Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Berenberg Bank lifted their price objective on Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Peel Hunt reiterated an “add” rating and set a GBX 320 target price on shares of Kingfisher in a research note on Tuesday, November 25th. Citigroup lifted their price target on shares of Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Jefferies Financial Group increased their price objective on shares of Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kingfisher has a consensus rating of “Reduce” and a consensus price target of GBX 309.14.

Kingfisher Trading Up 0.2%

The stock has a market cap of £5.75 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The firm’s 50 day simple moving average is GBX 312.59 and its two-hundred day simple moving average is GBX 293.42. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12.

Insider Buying and Selling

In related news, insider Lucinda Riches bought 15,000 shares of the stock in a transaction dated Monday, January 12th. The stock was bought at an average cost of GBX 323 per share, with a total value of £48,450. 0.35% of the stock is currently owned by insiders.

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.