Kingfisher plc (LON:KGF) Stock Has Consensus Price Target of GBX 316.71

Kingfisher plc (LON:KGF) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 316.71.

KGF has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Kingfisher to a “hold” rating and boosted their target price for the company from GBX 300 to GBX 330 in a research report on Friday, October 2nd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a research report on Friday, July 10th. Berenberg Bank raised their price target on Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a research report on Wednesday, September 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th.

Kingfisher Price Performance

Kingfisher stock opened at GBX 322.90 on Friday. The company’s 50 day simple moving average is GBX 317.73 and its 200-day simple moving average is GBX 299.14. The company has a market capitalization of £5.28 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. Kingfisher has a 1 year low of GBX 266.40 and a 1 year high of GBX 372.30. The company has a debt-to-equity ratio of 38.32, a quick ratio of 0.27 and a current ratio of 1.23.

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

Kingfisher announced that its board has initiated a stock buyback plan on Tuesday, September 22nd that permits the company to buy back 0 outstanding shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Kingfisher

In related news, insider Thierry Garnier sold 732,309 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of GBX 329, for a total transaction of £2,409,296.61. Insiders own 0.44% 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.