Kingfisher’s (KGF) Hold Rating Reaffirmed at Jefferies Financial Group

Kingfisher (LON:KGF)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Financial Group in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 303 price target on the home improvement retailer’s stock. Jefferies Financial Group’s price target points to a potential downside of 0.53% from the company’s current price.

Other equities analysts have also issued reports about the stock. Berenberg Bank lowered their price target on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kingfisher from GBX 255 to GBX 260 and gave the company a “sell” rating in a report on Friday, March 27th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 315 target price on shares of Kingfisher in a report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kingfisher has a consensus rating of “Reduce” and a consensus price target of GBX 303.75.

Kingfisher Stock Performance

LON:KGF traded down GBX 0.50 during mid-day trading on Tuesday, reaching GBX 304.60. 12,347,115 shares of the company’s stock were exchanged, compared to its average volume of 20,676,479. Kingfisher has a one year low of GBX 240.30 and a one year high of GBX 372.30. The firm has a market capitalization of £5.11 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17. The business’s fifty day simple moving average is GBX 324.21 and its two-hundred day simple moving average is GBX 315.09. The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21.

Kingfisher (LON:KGF) last released its quarterly earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 EPS for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. Analysts anticipate that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher announced that its board has authorized a share repurchase plan on Friday, April 10th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

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 Koçta?. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.