Kingfisher (LON:KGF) Given New GBX 285 Price Target at Citigroup

Key Points

• Citigroup has lowered its price target for Kingfisher (LON:KGF) from GBX 300 ($4.05) to GBX 285 ($3.85), indicating a potential upside of 3.83% from the stock's previous close.
• Various analysts have revised their ratings and target prices for Kingfisher, with the average rating currently being a "Hold" and a target price of GBX 297.75 ($4.02).
• Insider Bill Lennie recently purchased 50,000 shares of Kingfisher at an average price of GBX 277 ($3.74), highlighting insider confidence in the company's stock.

Kingfisher (LON:KGF - Get Free Report) had its price objective decreased by analysts at Citigroup from GBX 300 ($4.05) to GBX 285 ($3.85) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the home improvement retailer's stock. Citigroup's price target points to a potential upside of 5.48% from the stock's current price.

Several other equities research analysts have also commented on the company. Barclays lowered Kingfisher to an "underweight" rating and boosted their price target for the stock from GBX 275 ($3.71) to GBX 280 ($3.78) in a research note on Tuesday, May 20th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Berenberg Bank dropped their price target on Kingfisher from GBX 312 ($4.21) to GBX 306 ($4.13) and set a "hold" rating for the company in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Kingfisher from GBX 330 ($4.46) to GBX 320 ($4.32) and set a "buy" rating for the company in a research note on Friday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 297.75 ($4.02).

Kingfisher Price Performance

Shares of KGF traded up GBX 0.50 ($0.01) during trading hours on Wednesday, reaching GBX 270.20 ($3.65). The company had a trading volume of 2,288,157 shares, compared to its average volume of 18,627,059. The company has a market capitalization of £4.77 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.87 and a beta of 0.96. Kingfisher has a 12-month low of GBX 227.20 ($3.07) and a 12-month high of GBX 333.50 ($4.50). The firm has a 50 day simple moving average of GBX 277.07 and a 200-day simple moving average of GBX 271. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12.

Insider Buying and Selling

In related news, insider Bill Lennie purchased 50,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was bought at an average price of GBX 277 ($3.74) per share, with a total value of £138,500 ($187,086.32). Company insiders own 0.73% of the company's stock.

About Kingfisher

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 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.