Kingfisher (LON:KGF) Shares Up 16.8% - Still a Buy?

Key Points

• Kingfisher plc shares surged by 16.8% during mid-day trading, reaching GBX 294.66 ($3.98), despite a 21% decline in trading volume compared to the average.
• Research analysts have mixed opinions on Kingfisher, with three holding a Hold rating, while two have issued a Sell rating; the consensus target price is currently set at GBX 287.75.
• The company's most recent earnings report showed GBX 15.30 earnings per share for the quarter, indicating a net margin of 2.68% and a return on equity of 5.23%.

Shares of Kingfisher plc (LON:KGF - Get Free Report) rose 16.8% during mid-day trading on Tuesday . The company traded as high as GBX 302.30 ($4.09) and last traded at GBX 294.66 ($3.98). Approximately 15,692,135 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 19,794,402 shares. The stock had previously closed at GBX 252.20 ($3.41).

Wall Street Analyst Weigh In

KGF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Berenberg Bank cut their target price 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. Citigroup cut their target price 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a "hold" rating and cut their target price 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 company's stock. According to MarketBeat.com, Kingfisher presently has an average rating of "Reduce" and a consensus target price of GBX 287.75.

Kingfisher Stock Up 14.6%

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 £5.02 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's 50 day moving average is GBX 265.82 and its 200-day moving average is GBX 272.65.

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 for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. Equities analysts anticipate 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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