Kingfisher plc (LON:KGF) Receives Consensus Rating of “Reduce” from Brokerages

Kingfisher plc (LON:KGF) has received a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 302.25.

KGF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 260 price objective on shares of Kingfisher in a report on Thursday, May 7th. Jefferies Financial Group restated a “hold” rating and issued a GBX 291 price target on shares of Kingfisher in a research report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and issued a GBX 315 price target on shares of Kingfisher in a report on Wednesday, March 25th. Finally, Berenberg Bank dropped their price objective on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating on the stock in a research note on Wednesday, March 25th.

Kingfisher Trading Up 2.0%

LON:KGF opened at GBX 282.20 on Thursday. The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 38.02. The business’s 50 day moving average is GBX 294.32 and its two-hundred day moving average is GBX 312.74. Kingfisher has a 52 week low of GBX 240.30 and a 52 week high of GBX 372.30. The company has a market cap of £4.73 billion, a PE ratio of 20.45, a P/E/G ratio of 2.87 and a beta of 1.11.

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

Kingfisher declared that its Board of Directors has approved a share buyback plan on Friday, April 10th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership 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 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.