Kingfisher (LON:KGF) Insider Thierry Garnier Sells 732,309 Shares of Stock

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

Kingfisher Stock Up 1.0%

Shares of KGF traded up GBX 3.29 during midday trading on Monday, reaching GBX 332.50. 38,550,809 shares of the company were exchanged, compared to its average volume of 27,839,754. The stock has a 50-day moving average price of GBX 312.22 and a 200-day moving average price of GBX 297.06. Kingfisher plc has a 1-year low of GBX 266.40 and a 1-year high of GBX 372.30. The company has a market cap of £5.39 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 2.87 and a beta of 1.13. The company has a current ratio of 1.23, a quick ratio of 0.27 and a debt-to-equity ratio of 38.32.

Kingfisher (LON:KGF) last released its quarterly earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. Research analysts expect that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher announced that its board has approved a stock 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. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented 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 reissued an “outperform” rating and issued a GBX 350 price target on shares of Kingfisher in a research note on Friday, July 10th. Finally, Berenberg Bank increased their price target on shares of Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a research note on Wednesday, September 23rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 306.71.

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