Kingfisher (LON:KGF) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Kingfisher (LON:KGF) to a hold rating in a research report released on Friday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has GBX 330 target price on the home improvement retailer’s stock, up from their previous target price of GBX 300.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 target price on shares of Kingfisher in a report on Friday, July 10th. Finally, Berenberg Bank raised their price target on shares of Kingfisher from GBX 295 to GBX 320 and gave the company a “hold” rating in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 316.71.

Kingfisher Trading Up 0.1%

Shares of LON:KGF opened at GBX 328.30 on Friday. The business’s 50-day moving average is GBX 315.76 and its 200 day moving average is GBX 297.75. Kingfisher has a 1 year low of GBX 266.40 and a 1 year 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. The firm has a market capitalization of £5.32 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.87 and a beta of 1.13.

Kingfisher (LON:KGF) last announced 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%. On average, research analysts predict that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher declared that its Board of Directors has approved a share buyback program on Tuesday, September 22nd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Kingfisher

In related news, insider Thierry Garnier sold 732,309 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of GBX 329, for a total value of £2,409,296.61. Insiders own 0.35% of the company’s stock.

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.