Deutsche Bank Aktiengesellschaft Cuts Kingfisher (LON:KGF) Price Target to GBX 320

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 - Get Free Report) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 330 ($4.38) to GBX 320 ($4.25) in a note issued to investors on Friday,London Stock Exchange reports. The firm presently has a "buy" rating on the home improvement retailer's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 18.78% from the company's previous close.

KGF has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Berenberg Bank cut their price target on shares of Kingfisher from GBX 312 ($4.14) to GBX 306 ($4.06) and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Finally, Barclays lowered shares of Kingfisher to an "underweight" rating and lifted their price target for the company from GBX 275 ($3.65) to GBX 280 ($3.72) in a research note on Tuesday, May 20th.

Kingfisher Stock Performance

Shares of KGF opened at GBX 269.40 ($3.58) on Friday. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. Kingfisher has a twelve month low of GBX 227.20 ($3.02) and a twelve month high of GBX 333.50 ($4.43). The firm's 50 day moving average price is GBX 279.29 and its two-hundred day moving average price is GBX 268.94. The firm has a market cap of £4.76 billion, a P/E ratio of 14.35, a PEG ratio of 2.87 and a beta of 0.96.

Insider Activity at Kingfisher

In other Kingfisher news, insider Bill Lennie acquired 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of GBX 277 ($3.68) per share, with a total value of £138,500 ($183,906.52). 0.73% of the stock is currently owned by corporate insiders.

Kingfisher Company Profile

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.

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