Kingfisher (LON:KGF) Shares Up 14.6% - What's Next?

Key Points

• Kingfisher plc's share price surged by 14.6%, reaching a high of GBX 302.30 ($4.09) after closing at GBX 252.20 ($3.41).
• Despite the recent price increase, several analysts have issued downgrades and hold ratings, with a consensus price target of GBX 287.75.
• The company reported earnings of GBX 15.30 per share for the quarter and has a market cap of £5.02 billion, with a high P/E ratio of 2,920.20.

Kingfisher plc (LON:KGF - Get Free Report)'s share price was 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). Approximately 15,801,622 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 19,794,996 shares. The stock had previously closed at GBX 252.20 ($3.41).

Wall Street Analysts Forecast Growth

A number of research firms have commented on KGF. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Citigroup decreased 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. 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, 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. Three equities research 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 price target of GBX 287.75.

Kingfisher Stock Performance

The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The company has a fifty day moving average price of GBX 265.82 and a 200 day moving average price of GBX 272.65. The stock has a market cap of £5.02 billion, a P/E ratio of 2,920.20, a P/E/G ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF - Get Free Report) last posted its quarterly 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, equities analysts expect 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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