Kingfisher (LON:KGF) Insider Sells £2,409,296.61 in Stock

Kingfisher plc (LON:KGF) insider Thierry Garnier sold 732,309 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of GBX 329, for a total value of £2,409,296.61.

Kingfisher Trading Up 1.7%

LON:KGF opened at GBX 334.30 on Thursday. The firm has a market capitalization of £5.41 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.87 and a beta of 1.13. The business’s 50-day moving average is GBX 314.54 and its two-hundred day moving average is GBX 297.50. Kingfisher plc has a 12 month low of GBX 266.40 and a 12 month high of GBX 372.30. 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 issued its quarterly 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%. Research analysts predict that Kingfisher plc will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher announced that its Board of Directors has authorized a share buyback plan on Tuesday, September 22nd that permits the company to repurchase 0 shares. This repurchase authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

KGF has been the topic of several research analyst reports. Jefferies Financial Group restated a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. Berenberg Bank lifted their price target on shares of Kingfisher from GBX 295 to GBX 320 and gave the company a “hold” rating in a report on Wednesday, September 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 price objective on shares of Kingfisher in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 306.71.

About Kingfisher

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.