Kingfisher plc (LON:KGF) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Kingfisher plc (LON:KGF) have been assigned an average rating of “Reduce” from the eight brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 300.43.

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

Kingfisher Price Performance

Shares of LON KGF opened at GBX 282.30 on Monday. Kingfisher has a fifty-two week low of GBX 240.30 and a fifty-two week high of GBX 372.30. The firm’s 50-day simple moving average is GBX 289.40 and its 200 day simple moving average is GBX 310.89. The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 38.02. The stock has a market cap of £4.73 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.87 and a beta of 1.11.

Kingfisher (LON:KGF) last issued its quarterly earnings data on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. Equities analysts expect that Kingfisher will post 23.6949924 EPS for the current year.

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

About Kingfisher

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.