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JPMorgan Chase & Co. Reiterates "Underweight" Rating for Kingfisher (LON:KGF)

Kingfisher logo with Consumer Cyclical background

Key Points

  • Kingfisher stock receives an "underweight" rating from both JPMorgan Chase & Co. and Barclays, indicating a cautious outlook for the company.
  • The stock price for Kingfisher recently opened at GBX 269.90 ($3.60), with a twelve-month low of GBX 227.20 ($3.03) and a high of GBX 333.50 ($4.45).
  • Insider Bill Lennie bought 50,000 shares of Kingfisher, totaling approximately £138,500 ($184,962.61), which may signal confidence in the company's future performance.
  • Need Better Tools to Track Kingfisher? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Kingfisher (LON:KGF - Get Free Report)'s stock had its "underweight" rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, MarketBeat.com reports.

Separately, Barclays lowered shares of Kingfisher to an "underweight" rating and boosted their target price for the company from GBX 275 ($3.65) to GBX 280 ($3.72) in a research note on Tuesday, May 20th.

View Our Latest Stock Analysis on KGF

Kingfisher Stock Performance

KGF traded down GBX 1.30 ($0.02) during mid-day trading on Wednesday, reaching GBX 269.20 ($3.57). 3,884,104 shares of the company traded hands, compared to its average volume of 19,690,756. The stock has a market capitalization of £4.76 billion, a P/E ratio of 14.34, a P/E/G ratio of 2.87 and a beta of 0.96. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. The company's fifty day moving average price is GBX 279.29 and its 200-day moving average price is GBX 268.73. Kingfisher has a 52-week low of GBX 227.20 ($3.02) and a 52-week high of GBX 333.50 ($4.43).

Insider Activity

In other Kingfisher news, insider Bill Lennie acquired 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was purchased at an average price of GBX 277 ($3.68) per share, with a total value of £138,500 ($183,833.29). 0.73% of the stock is currently owned by insiders.

Kingfisher Company Profile

(Get Free Report)

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.

Further Reading

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