Kingfisher (LON:KGF) Upgraded at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank upgraded Kingfisher to “hold” and raised its price target from GBX 300 to GBX 330, implying approximately 0.64% upside from the previous close.
• Analyst sentiment remains cautious, with Kingfisher carrying a consensus “Hold” rating and an average target price of GBX 316.71; ratings include two Buys and five Holds.
• Kingfisher reported quarterly EPS of GBX 17.80, while shares opened at GBX 327.90 and have traded between GBX 266.40 and GBX 372.30 over the past year.

Kingfisher (LON:KGF - Get Free Report) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a report released on Friday, London Stock Exchange reports. The firm presently has a GBX 330 target price on the home improvement retailer's stock, up from their previous target price of GBX 300. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 0.64% from the company's previous close.

A number of other equities research analysts have also issued reports on KGF. Jefferies Financial Group reissued a "hold" rating and set a GBX 291 target price on shares of Kingfisher in a research note on Monday, July 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 350 price target on shares of Kingfisher in a research note on Friday, July 10th. Finally, Berenberg Bank increased their price objective on Kingfisher from GBX 295 to GBX 320 and gave the stock a "hold" rating in a report on Wednesday, September 23rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Kingfisher currently has an average rating of "Hold" and a consensus target price of GBX 316.71.

Kingfisher Price Performance

LON KGF opened at GBX 327.90 on Friday. The company has a 50 day simple moving average of GBX 315.13 and a 200-day simple moving average of GBX 297.63. 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 capitalization of £5.31 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.87 and a beta of 1.13. Kingfisher has a 52-week low of GBX 266.40 and a 52-week high of GBX 372.30.

Kingfisher (LON:KGF - Get Free Report) last posted 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%. Equities research analysts predict that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher declared that its board has authorized a share repurchase plan on Tuesday, September 22nd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Insider Activity

In related news, insider Thierry Garnier sold 732,309 shares of the company's stock in a transaction on Friday, September 25th. The shares were sold at an average price of GBX 329, for a total value of £2,409,296.61. Insiders own 0.35% of the company's stock.

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 Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.

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