Kingfisher (LON:KGF) Shares Up 14.6% - Should You Buy?

Key Points

• Kingfisher plc shares increased by 14.6% in mid-day trading, reaching a last traded price of GBX 289.10 ($3.91), following a previous close at GBX 252.20 ($3.41).
• Several analysts have issued revised ratings, with Berenberg Bank and Deutsche Bank downgrading their price targets, leading to an average target price of GBX 287.75 and a consensus rating of "Reduce."
• Kingfisher reported a quarterly EPS of GBX 15.30, with an expected annual EPS forecast of approximately 23.69.

Kingfisher plc (LON:KGF - Get Free Report) shares shot up 14.6% during mid-day trading 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 were traded 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).

Analyst Upgrades and Downgrades

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

Kingfisher Price Performance

The firm has a market capitalization of £5.02 billion, a price-to-earnings ratio of 2,920.20, a PEG ratio of 2.87 and a beta of 0.96. 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 business has a 50-day moving average price of GBX 266.10 and a two-hundred day moving average price of GBX 272.76.

Kingfisher (LON:KGF - Get Free Report) last issued 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, research analysts forecast 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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