Kingfisher (LON:KGF) Price Target Raised to GBX 320

Kingfisher (LON:KGF) had its price objective hoisted by Berenberg Bank from GBX 295 to GBX 320 in a research note released on Wednesday,Digital Look reports. Berenberg Bank currently has a hold rating on the home improvement retailer’s stock.

Several other equities research analysts have also recently weighed in on KGF. Jefferies Financial Group restated a “hold” rating and issued a GBX 291 price target on shares of Kingfisher in a research report on Monday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 price objective on shares of Kingfisher in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 260 price objective on shares of Kingfisher in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 306.71.

Kingfisher Stock Performance

LON:KGF opened at GBX 329.21 on Wednesday. The company has a market cap of £5.33 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.87 and a beta of 1.13. Kingfisher has a 1 year low of GBX 266.40 and a 1 year high of GBX 372.30. The stock’s 50 day simple moving average is GBX 312.22 and its two-hundred day simple moving average is GBX 297.20. The company has a debt-to-equity ratio of 38.32, a current ratio of 1.23 and a quick ratio of 0.27.

Kingfisher (LON:KGF) last posted its earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 EPS for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. As a group, equities analysts anticipate that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher announced that its board has initiated a stock repurchase plan on Tuesday, September 22nd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.