Kingfisher (LON:KGF) Given “Neutral” Rating at UBS Group

Kingfisher (LON:KGF)‘s stock had its “neutral” rating restated by equities researchers at UBS Group in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 315 price target on the home improvement retailer’s stock. UBS Group’s target price indicates a potential upside of 7.76% from the stock’s previous close.

Several other brokerages have also issued reports on KGF. Peel Hunt reissued an “add” rating and issued a GBX 320 price target on shares of Kingfisher in a research note on Tuesday, November 25th. Berenberg Bank lowered their price objective on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a research note on Wednesday. Jefferies Financial Group boosted their target price on shares of Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research report on Wednesday, November 26th. Finally, Citigroup increased their target price 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. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of GBX 306.88.

Kingfisher Price Performance

Shares of LON KGF opened at GBX 292.33 on Wednesday. Kingfisher has a twelve month low of GBX 238.10 and a twelve month high of GBX 372.30. The firm has a fifty day simple moving average of GBX 334.32 and a 200 day simple moving average of GBX 311.95. The company has a market capitalization of £4.92 billion, a PE ratio of 27.84, a P/E/G ratio of 2.87 and a beta of 1.05. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 37.15.

Kingfisher (LON:KGF) last released its earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 1.44% and a return on equity of 2.91%. On average, sell-side analysts forecast that Kingfisher will post 23.6949924 EPS for the current year.

Insiders Place Their Bets

In other Kingfisher news, insider Lucinda Riches acquired 15,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were purchased at an average cost of GBX 323 per share, with a total value of £48,450. Insiders own 0.37% of the company’s stock.

About Kingfisher

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.