Kingfisher (LON:KGF) Shares Up 14.6% - Still a Buy?

Key Points

• Kingfisher plc shares saw a significant increase of 14.6% during trading, reaching a high of GBX 302.30 after previously closing at GBX 252.20.
• Several analysts have cut their price targets for Kingfisher, with Citigroup lowering theirs from GBX 300 to GBX 285, reflecting a generally cautious outlook on the stock.
• The company's latest earnings report indicated a net margin of 2.68% and earnings per share of GBX 15.30, suggesting modest profitability.

Kingfisher plc (LON:KGF - Get Free Report)'s stock price traded 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 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).

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup reduced their price target 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut shares of Kingfisher to a "hold" rating and dropped their price objective for the company from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Finally, Berenberg Bank cut 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. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of GBX 287.75.

Kingfisher Trading Up 14.6%

The firm has a market cap of £5.02 billion, a price-to-earnings ratio of 2,920.20, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The business has a 50 day moving average of GBX 265.82 and a 200 day moving average of GBX 272.65. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12.

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