Kingfisher (LON:KGF) Downgraded to Hold Rating by 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 analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 280 price target on the home improvement retailer's stock, down from their prior price target of GBX 320. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 8.78% from the stock's previous close.

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

Kingfisher Trading Down 2.2%

Kingfisher stock traded down GBX 5.90 during mid-day trading on Tuesday, hitting GBX 257.40. The company's stock had a trading volume of 3,878,533 shares, compared to its average volume of 17,912,988. The firm has a market capitalization of £4.47 billion, a PE ratio of 2,600.00, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. Kingfisher has a 1 year low of GBX 227.20 and a 1 year high of GBX 333.50. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The stock's fifty day moving average is GBX 276.82 and its two-hundred day moving average is GBX 272.72.

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.