Kingfisher plc (LON:KGF) Stock Has Average Price Target of GBX 316.71

Kingfisher plc (LON:KGF) has earned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 316.71.

KGF has been the topic of a number of research analyst reports. 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. Jefferies Financial Group reissued a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft upgraded Kingfisher to a “hold” rating and upped their price objective for the stock from GBX 300 to GBX 330 in a report on Friday, October 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 350 price objective on shares of Kingfisher in a report on Friday, July 10th.

Kingfisher Price Performance

KGF opened at GBX 341.40 on Friday. The company’s 50 day simple moving average is GBX 318.21 and its 200 day simple moving average is GBX 299.94. The company has a debt-to-equity ratio of 38.32, a quick ratio of 0.27 and a current ratio of 1.23. Kingfisher has a 1 year low of GBX 266.40 and a 1 year high of GBX 372.30. The stock has a market capitalization of £5.58 billion, a PE ratio of 19.40, a P/E/G ratio of 2.87 and a beta of 1.10.

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 net margin of 2.29% and a return on equity of 4.86%. As a group, sell-side analysts expect that Kingfisher will post 23.69 EPS for the current year.

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

Insider Transactions at Kingfisher

In other Kingfisher news, insider Thierry Garnier sold 732,309 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of GBX 329, for a total transaction of £2,409,296.61. Company insiders own 0.44% 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.