Kingfisher plc (LON:KGF) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Kingfisher has a consensus “Hold” rating from seven analysts: five recommend holding the stock and two recommend buying it. The average 12-month price target is GBX 316.71, below its cited opening price of GBX 328.20.
• Recent analyst views were mixed but generally cautious, with price targets ranging from GBX 291 to GBX 350. RBC maintained an “outperform” rating, while Jefferies, Berenberg, and Deutsche Bank rated the stock “hold.”
• Kingfisher reported quarterly EPS of GBX 17.80, with a 2.29% net margin and 4.86% return on equity. Insider Thierry Garnier also sold 732,309 shares for approximately £2.41 million.

Kingfisher plc (LON:KGF - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 316.71.

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a "hold" rating and set a GBX 291 target price on shares of Kingfisher in a research report on Monday, July 27th. Berenberg Bank lifted 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. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 350 price target on shares of Kingfisher in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Kingfisher to a "hold" rating and upped their price objective for the company from GBX 300 to GBX 330 in a research note on Friday, October 2nd.

Kingfisher Price Performance

Shares of LON:KGF opened at GBX 328.20 on Friday. The company has a market capitalization of £5.36 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 2.87 and a beta of 1.13. The company's 50-day moving average is GBX 317.64 and its 200 day moving average is GBX 298.67. The company has a debt-to-equity ratio of 38.32, a quick ratio of 0.27 and a current ratio of 1.23. Kingfisher has a fifty-two week low of GBX 266.40 and a fifty-two week high of GBX 372.30.

Kingfisher (LON:KGF - Get Free Report) last posted its quarterly earnings data on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 2.29% and a return on equity of 4.86%. On average, equities research analysts forecast that Kingfisher will post 23.69 earnings per share for the current year.

Kingfisher announced that its board has initiated a share buyback program on Tuesday, September 22nd that permits the company to repurchase 0 shares. This repurchase authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Share repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Insider Transactions at Kingfisher

In other Kingfisher news, insider Thierry Garnier sold 732,309 shares of the business's stock in a transaction on Friday, September 25th. The stock was sold at an average price of GBX 329, for a total value of £2,409,296.61. 0.44% of the stock is owned by corporate insiders.

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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