Kingfisher (LON:KGF) Price Target Cut to GBX 320 by Analysts at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has reduced its price target for Kingfisher (LON:KGF) from GBX 330 to GBX 320, while maintaining a "buy" rating, suggesting a potential upside of 18.78% from the previous close.
• Other firms, including JPMorgan Chase and Berenberg Bank, have also revised their ratings and price targets for Kingfisher, indicating mixed sentiment among analysts.
• Kingfisher's stock opened at GBX 269.40, with a twelve-month trading range between GBX 227.20 and GBX 333.50, reflecting fluctuating performance.

Kingfisher (LON:KGF - Free Report) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 330 ($4.44) to GBX 320 ($4.30) in a research report report published on Friday, August 1st, Marketbeat reports. They currently have a buy rating on the home improvement retailer's stock.

A number of other analysts also recently commented on KGF. Berenberg Bank decreased their target price on Kingfisher from GBX 312 ($4.20) to GBX 306 ($4.12) and set a "hold" rating on the stock in a research report on Tuesday, July 29th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Finally, Barclays lowered Kingfisher to an "underweight" rating and upped their target price for the company from GBX 275 ($3.70) to GBX 280 ($3.77) in a research note on Tuesday, May 20th.

Kingfisher Price Performance

KGF traded up GBX 0.70 ($0.01) during trading on Friday, reaching GBX 276.20 ($3.71). 1,988,515 shares of the stock were exchanged, compared to its average volume of 19,238,096. The business's 50 day moving average price is GBX 277.80 and its two-hundred day moving average price is GBX 269.32. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The company has a market capitalization of £4.88 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 2.87 and a beta of 0.96. Kingfisher has a 1 year low of GBX 227.20 ($3.06) and a 1 year high of GBX 333.50 ($4.48).

Insider Buying and Selling

In other 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 cost of GBX 277 ($3.73) per share, for a total transaction of £138,500 ($186,256.05). 0.73% of the stock is owned by corporate insiders.

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.