Kingfisher plc (LON:KGF) Given Consensus Rating of “Reduce” by Analysts

Shares of Kingfisher plc (LON:KGF) have been assigned a consensus rating of “Reduce” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 309.14.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Kingfisher from GBX 306 to GBX 331 and gave the company a “hold” rating in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a research note on Tuesday, November 18th. Peel Hunt restated an “add” rating and issued a GBX 320 price target on shares of Kingfisher in a research note on Tuesday, November 25th. Citigroup upped their price target on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Finally, Berenberg Bank increased their price objective on Kingfisher from GBX 331 to GBX 334 and gave the company a “hold” rating in a research report on Tuesday, November 25th.

Kingfisher Stock Performance

Shares of KGF opened at GBX 324.40 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The stock has a market capitalization of £5.53 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. Kingfisher has a 12 month low of GBX 227.20 and a 12 month high of GBX 330.50. The firm’s fifty day simple moving average is GBX 307.74 and its two-hundred day simple moving average is GBX 289.73.

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.