Kingfisher (LON:KGF) Earns Hold Rating from Jefferies Financial Group

Kingfisher (LON:KGF)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 291 price target on the home improvement retailer’s stock. Jefferies Financial Group’s price objective suggests a potential downside of 4.50% from the stock’s previous close.

A number of other brokerages also recently issued reports on KGF. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 price objective on shares of Kingfisher in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 260 price target on shares of Kingfisher in a report on Wednesday, May 27th. UBS Group reiterated a “neutral” rating and set a GBX 295 price target on shares of Kingfisher in a research report on Friday, May 22nd. Finally, Berenberg Bank restated a “hold” rating and set a GBX 295 price objective on shares of Kingfisher in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 306.62.

Kingfisher Stock Up 1.7%

Shares of LON KGF opened at GBX 304.70 on Monday. The stock has a market capitalization of £5.03 billion, a P/E ratio of 22.08, a PEG ratio of 2.87 and a beta of 1.12. The stock’s fifty day moving average is GBX 285.10 and its 200 day moving average is GBX 305.30. Kingfisher has a 52 week low of GBX 240.30 and a 52 week high of GBX 372.30. The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21.

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.

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.