Kingfisher (LON:KGF) Reaches New 1-Year High - What's Next?

Key Points

• Kingfisher plc has reached a new 1-year high, trading at GBX 320.60 ($4.27) with significant trading volume of over 21 million shares.
• Research analysts have mixed outlooks on the stock, with a consensus rating of "Reduce" and a target price of GBX 296.40, reflecting concerns from firms like JPMorgan and Deutsche Bank.
• For the latest quarter, Kingfisher reported an EPS of GBX 15.30 and has a market cap of £5.46 billion, indicating steady performance amidst varied analyst ratings.

Kingfisher plc (LON:KGF - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 320.60 ($4.27) and last traded at GBX 317.81 ($4.24), with a volume of 21888582 shares. The stock had previously closed at GBX 311.10 ($4.15).

Wall Street Analysts Forecast Growth

KGF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher to a "hold" rating and cut their price objective for the stock from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Canaccord Genuity Group increased their price objective on shares of Kingfisher from GBX 306 to GBX 331 and gave the stock a "hold" rating in a research note on Tuesday, September 23rd. Citigroup cut their price objective on shares of Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Finally, Berenberg Bank cut their price objective on shares of Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Kingfisher currently has a consensus rating of "Reduce" and a consensus target price of GBX 296.40.

Kingfisher Trading Up 1.2%

The company has a market cap of £5.46 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth 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 50-day moving average is GBX 278.30 and its 200 day moving average is GBX 279.18.

Kingfisher (LON:KGF - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 EPS for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. Research analysts predict that Kingfisher plc will post 23.6949924 EPS for the current year.

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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