Kingfisher (LON:KGF) Shares Up 0.5% - What's Next?

Key Points

• Kingfisher plc shares rose by 0.5% during mid-day trading, with a last recorded price of GBX 252.20 ($3.41) after a decline in trading volume.
• Analyst ratings indicate a mixed outlook for Kingfisher, with three "Hold" ratings, two "Sell" ratings, and a consensus target price set at GBX 287.75.
• The company reported a net margin of 2.68% and is projected to post earnings of 23.69 EPS for the current fiscal year.

Shares of Kingfisher plc (LON:KGF - Get Free Report) shot up 0.5% during mid-day trading on Tuesday . The company traded as high as GBX 254 ($3.43) and last traded at GBX 252.20 ($3.41). 10,480,984 shares changed hands during trading, a decline of 47% from the average session volume of 19,818,514 shares. The stock had previously closed at GBX 250.85 ($3.39).

Analyst Ratings Changes

Several brokerages have recently weighed in on KGF. JPMorgan Chase & Co. restated an "underweight" rating on shares of Kingfisher in a report on Wednesday, July 30th. Citigroup cut their price objective on shares of Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating for the company in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a "hold" rating and cut their price objective for the stock from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Finally, Berenberg Bank dropped their price target on shares of Kingfisher from GBX 312 to GBX 306 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Kingfisher has an average rating of "Reduce" and a consensus target price of GBX 287.75.

Kingfisher Stock Up 17.0%

The firm's fifty day moving average price is GBX 265.82 and its two-hundred day moving average price is GBX 272.65. The stock has a market cap of £5.12 billion, a price-to-earnings ratio of 2,980.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

Kingfisher (LON:KGF - Get Free Report) last posted its 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%. Sell-side analysts forecast that Kingfisher plc will post 23.6949924 earnings per share for the current fiscal 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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