Kingfisher (LON:KGF) Shares Up 14.6% - Here's What Happened

Key Points

• Kingfisher plc shares surged by 14.6% to a last traded price of GBX 289.10 ($3.91) following a trading volume of over 15.8 million, although this was a 20% decline compared to average session volume.
• Several analysts have downgraded Kingfisher's stock, with Deutsche Bank cutting its rating to "hold" and lowering the price target from GBX 320 to GBX 280, while Citigroup and Berenberg Bank also reduced their target prices.
• Kingfisher reported a quarterly EPS of GBX 15.30, with analysts anticipating earnings of approximately 23.69 EPS for the current fiscal year.

Shares of Kingfisher plc (LON:KGF - Get Free Report) shot up 14.6% on Tuesday . The stock 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 mid-day 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).

Wall Street Analyst Weigh In

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

Kingfisher Stock Up 0.1%

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 stock has a 50 day simple moving average of GBX 266.10 and a 200 day simple moving average of GBX 272.76. The stock has a market cap of £5.03 billion, a price-to-earnings ratio of 2,924.24, a PEG ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF - Get Free Report) last announced its quarterly earnings data on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 EPS for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. As a group, analysts expect that Kingfisher plc will post 23.6949924 earnings per share 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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