Kingfisher (LON:KGF) to Repurchase 0 Stock

Kingfisher (LON:KGF) declared that its Board of Directors has approved a share repurchase program on Tuesday, September 22nd, RTT News reports. The company plans to buyback 0 shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

KGF has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 350 target price on shares of Kingfisher in a research report on Friday, July 10th. 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. Finally, Berenberg Bank boosted their price objective on shares of Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 306.71.

Kingfisher Stock Performance

KGF opened at GBX 333.48 on Friday. The stock’s 50 day simple moving average is GBX 311.31 and its 200-day simple moving average is GBX 296.98. The company has a current ratio of 1.23, a quick ratio of 0.27 and a debt-to-equity ratio of 38.32. The stock has a market cap of £5.40 billion, a PE ratio of 24.17, a P/E/G ratio of 2.87 and a beta of 1.13. Kingfisher has a 1 year low of GBX 266.40 and a 1 year high of GBX 372.30.

Kingfisher (LON:KGF) last posted 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 net margin of 2.29% and a return on equity of 4.86%. Sell-side analysts forecast that Kingfisher will post 23.6949924 EPS for the current year.

About Kingfisher

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.