Kingfisher plc (LON:KGF) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Kingfisher plc (LON:KGF) have earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 316.71.

KGF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Kingfisher to a “hold” rating and raised their price objective for the company from GBX 300 to GBX 330 in a report on Friday, October 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 291 target price on shares of Kingfisher in a report on Monday, July 27th. Finally, Berenberg Bank upped their target price on shares of Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a report on Wednesday, September 23rd.

Kingfisher Stock Performance

LON:KGF opened at GBX 377 on Thursday. The company has a debt-to-equity ratio of 38.32, a quick ratio of 0.27 and a current ratio of 1.23. The stock has a market capitalization of £6.09 billion, a PE ratio of 21.42, a P/E/G ratio of 2.87 and a beta of 1.10. Kingfisher has a fifty-two week low of GBX 266.40 and a fifty-two week high of GBX 389.60. The company has a fifty day moving average of GBX 330.04 and a two-hundred day moving average of GBX 312.49.

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

Kingfisher declared that its board has authorized a stock buyback program on Tuesday, September 22nd that allows the company to buy back shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Share repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Thierry Garnier sold 732,309 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of GBX 329, for a total transaction of £2,409,296.61. Insiders own 0.35% 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.