Kingfisher (LON:KGF) Rating Lowered to "Hold" at Deutsche Bank Aktiengesellschaft

Key Points

• Kingfisher's stock rating has been lowered to a "hold" by Deutsche Bank, which also reduced its target price to GBX 280 from GBX 320.
• Analyst sentiment is mostly negative, with three analysts rating the stock as "Hold" and two as "Sell," resulting in a consensus rating of "Reduce."
• Insider Bill Lennie purchased 50,000 shares of Kingfisher's stock at an average price of GBX 277, indicating ongoing insider confidence in the company.

Kingfisher (LON:KGF - Get Free Report) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 280 target price on the home improvement retailer's stock, down from their prior target price of GBX 320. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 4.24% from the stock's current price.

A number of other analysts have also recently issued reports on KGF. JPMorgan Chase & Co. restated an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Barclays lowered shares of Kingfisher to an "underweight" rating and raised their price target for the stock from GBX 275 to GBX 280 in a research report on Tuesday, May 20th. Berenberg Bank lowered their price target on shares of Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Finally, Citigroup lowered their price target on shares of Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kingfisher has a consensus rating of "Reduce" and an average target price of GBX 287.75.

Kingfisher Stock Performance

LON KGF opened at GBX 268.60 on Tuesday. The firm has a 50-day moving average of GBX 277.55 and a 200-day moving average of GBX 272.33. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The stock has a market cap of £4.75 billion, a PE ratio of 14.31, a P/E/G ratio of 2.87 and a beta of 0.96. Kingfisher has a 52-week low of GBX 227.20 and a 52-week high of GBX 333.50.

Insider Buying and Selling

In other news, insider Bill Lennie bought 50,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were purchased at an average cost of GBX 277 per share, with a total value of £138,500. 0.73% of the stock is currently 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.

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