Kingfisher (LON:KGF) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity Group raised its target price for Kingfisher stock from GBX 306 to GBX 331, indicating a potential upside of 14.34% from its current price.
• Other analysts have mixed views, with Deutsche Bank lowering its target to GBX 280 while several others maintained a "hold" rating with various target price adjustments.
• Kingfisher's stock performance shows a significant fluctuation with a one-year low of GBX 227.20 and a high of GBX 329.10, amid a market capitalization of £5.03 billion.

Kingfisher (LON:KGF - Get Free Report) had its target price lifted by Canaccord Genuity Group from GBX 306 to GBX 331 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a "hold" rating on the home improvement retailer's stock. Canaccord Genuity Group's target price would suggest a potential upside of 14.34% from the company's current price.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lowered Kingfisher to a "hold" rating and cut their target price for the company from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Berenberg Bank cut their target price on Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Finally, Citigroup cut their target price on Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of GBX 296.40.

Kingfisher Stock Performance

Kingfisher stock opened at GBX 289.50 on Tuesday. The stock's 50 day moving average price is GBX 266.10 and its 200 day moving average price is GBX 272.76. The firm has a market capitalization of £5.03 billion, a PE ratio of 2,924.24, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. Kingfisher has a one year low of GBX 227.20 and a one year high of GBX 329.10.

Kingfisher (LON:KGF - Get Free Report) last released its quarterly earnings results 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, sell-side analysts expect that Kingfisher 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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