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

Shares of Kingfisher plc (LON:KGF) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 316.71.

KGF has been the topic of several analyst reports. Deutsche Bank raised shares of Kingfisher to a “hold” rating and lifted their target price for the company from GBX 300 to GBX 330 in a report on Friday, October 2nd. Berenberg Bank increased their price target on shares of Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a report on Wednesday, September 23rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 291 price target on shares of Kingfisher in a report on Monday, July 27th.

Insider Activity

In other news, insider Thierry Garnier sold 732,309 shares of the stock in a transaction that occurred on 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 0.35% of the company’s stock.

Kingfisher Stock Performance

LON:KGF opened at GBX 376 on Thursday. The firm’s fifty day moving average price is GBX 332.46 and its 200 day moving average price is GBX 313. Kingfisher has a 1-year low of GBX 266.40 and a 1-year high of GBX 389.60. 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 cap of £6.07 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10.

Kingfisher (LON:KGF) last announced its quarterly earnings data 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%. On average, sell-side analysts expect that Kingfisher will post 23.69 EPS for the current year.

Kingfisher declared that its board has initiated a stock buyback program on Tuesday, September 22nd that allows the company to buy back outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are often 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.