Kingfisher (LON:KGF) Hits New 52-Week High – Should You Buy?

Kingfisher plc (LON:KGF) hit a new 52-week high on Tuesday . The stock traded as high as GBX 354.20 and last traded at GBX 351, with a volume of 11883151 shares. The stock had previously closed at GBX 346.20.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KGF. Berenberg Bank lifted their price target on shares of Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Peel Hunt reissued an “add” rating and issued a GBX 320 target price on shares of Kingfisher in a report on Tuesday, November 25th. Jefferies Financial Group raised their price target on Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft raised 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. Finally, 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. 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 stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of GBX 309.14.

Kingfisher Stock Performance

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 cap of £5.97 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 2.87 and a beta of 0.96. The stock’s 50 day moving average is GBX 319.50 and its two-hundred day moving average is GBX 297.25.

Insider Activity

In other Kingfisher news, insider Lucinda Riches acquired 15,000 shares of the business’s stock in a transaction on Monday, January 12th. The stock was purchased at an average price of GBX 323 per share, for a total transaction of £48,450. Company insiders own 0.37% 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 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.