Kingfisher (LON:KGF) Shares Up 14.6% Following Analyst Upgrade

Key Points

• Kingfisher plc's stock surged 14.6% after Canaccord Genuity Group raised its price target from GBX 306 to GBX 331, maintaining a hold rating.
• Despite the recent upgrade, multiple analysts have issued varied ratings, with four analysts rating the stock as Hold and two issuing Sell ratings, reflecting mixed sentiment in the market.
• The company's financial metrics include a debt-to-equity ratio of 7.12, indicating a significant level of leverage, alongside a net margin of 2.68% and an anticipated EPS of about 23.69 for the current fiscal year.

Kingfisher plc (LON:KGF - Get Free Report)'s stock price shot up 14.6% during trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from GBX 306 to GBX 331. Canaccord Genuity Group currently has a hold rating on the stock. Kingfisher traded as high as GBX 302.30 ($4.09) and last traded at GBX 289.10 ($3.91). 15,801,622 shares changed hands during trading, a decline of 20% from the average session volume of 19,794,996 shares. The stock had previously closed at GBX 252.20 ($3.41).

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a "hold" rating and reduced their price objective for the stock from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Berenberg Bank reduced their price objective 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. Finally, Citigroup reduced 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. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of GBX 296.40.

Kingfisher Stock Up 0.5%

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 firm has a market capitalization of £5.05 billion, a PE ratio of 2,935.35, a PEG ratio of 2.87 and a beta of 0.96. The company's 50 day simple moving average is GBX 266.10 and its 200-day simple moving average is GBX 272.76.

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

Kingfisher Company Profile

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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