Kingfisher’s (KGF) “Hold” Rating Reaffirmed at Berenberg Bank

Kingfisher (LON:KGF)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 295 target price on the home improvement retailer’s stock. Berenberg Bank’s price objective indicates a potential downside of 1.17% from the company’s previous close.

Several other research firms also recently commented on KGF. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 260 price target on shares of Kingfisher in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a research note on Tuesday. Finally, UBS Group reiterated a “neutral” rating and set a GBX 295 price objective on shares of Kingfisher in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Kingfisher presently has an average rating of “Reduce” and an average target price of GBX 300.43.

Kingfisher Trading Up 0.4%

KGF stock opened at GBX 298.50 on Wednesday. The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21. The company’s 50-day simple moving average is GBX 291.47 and its 200 day simple moving average is GBX 312. Kingfisher has a 52 week low of GBX 240.30 and a 52 week high of GBX 372.30. The company has a market capitalization of £5.01 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11.

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%. As a group, sell-side analysts anticipate that Kingfisher will post 23.6949924 earnings per share for the current 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.

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