Kingfisher (LON:KGF) Price Target Raised to GBX 260

Key Points

• Deutsche Bank raised its price target on Kingfisher to GBX 260 (from GBX 255) but kept a sell rating, implying about a 4.69% downside from the current price.
• The analyst consensus is broadly negative — an average rating of Reduce with a consensus price target of GBX 303.75 and a mix of 1 Buy, 5 Hold and 3 Sell ratings.
• An insider, Lucinda Riches, bought 15,000 shares at GBX 323 on Jan 12, and company insiders now own 0.37% of the stock.

Kingfisher (LON:KGF - Get Free Report) had its price target lifted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 255 to GBX 260 in a report released on Friday,London Stock Exchange reports. The brokerage presently has a "sell" rating on the home improvement retailer's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential downside of 4.69% from the company's current price.

KGF has been the topic of several other research reports. UBS Group restated a "neutral" rating and set a GBX 315 price target on shares of Kingfisher in a research note on Wednesday. Berenberg Bank reduced their price objective on shares of Kingfisher from GBX 333 to GBX 310 and set a "hold" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of GBX 303.75.

Kingfisher Trading Down 2.2%

Shares of LON KGF opened at GBX 272.80 on Friday. The stock has a market cap of £4.59 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.87 and a beta of 1.05. The business has a 50 day simple moving average of GBX 333.08 and a 200 day simple moving average of GBX 311.58. Kingfisher has a 52 week low of GBX 238.10 and a 52 week high of GBX 372.30. The company has a debt-to-equity ratio of 36.39, a quick ratio of 0.27 and a current ratio of 1.21.

Kingfisher (LON:KGF - Get Free Report) last issued its quarterly earnings data on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. On average, research analysts predict that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Lucinda Riches bought 15,000 shares of the firm's stock in a transaction on Monday, January 12th. The stock was purchased at an average price of GBX 323 per share, with a total value of £48,450. Company insiders own 0.37% of the company's stock.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of c.73,000 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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