Kingfisher (LON:KGF) Stock Price Up 14.5% - Still a Buy?

Key Points

• Kingfisher plc shares surged 14.5% during mid-day trading, reaching a high of GBX 302.30 ($4.09) before closing at GBX 288.70 ($3.90).
• Recent analyst ratings have been mixed, with Deutsche Bank lowering its target price to GBX 280 and several other firms giving hold or sell ratings, leading to an average rating of "Reduce".
• Kingfisher reported earnings of GBX 15.30 per share, with analysts expecting an annual EPS of 23.69 for the current year, despite a high P/E ratio of 2,930.30.

Kingfisher plc (LON:KGF - Get Free Report) shares rose 14.5% during mid-day trading on Tuesday . The stock traded as high as GBX 302.30 ($4.09) and last traded at GBX 288.70 ($3.90). Approximately 509,920,469 shares were traded during mid-day trading, an increase of 2,168% from the average daily volume of 22,480,426 shares. The stock had previously closed at GBX 252.20 ($3.41).

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher to a "hold" rating and lowered their target price for the company from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Berenberg Bank lowered their target price on shares of Kingfisher from GBX 312 to GBX 306 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Finally, Citigroup lowered their target price on shares of Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of GBX 287.75.

Kingfisher Stock Up 15.0%

The firm's 50-day moving average price is GBX 265.82 and its 200 day moving average price is GBX 272.65. The firm has a market cap of £5.04 billion, a P/E ratio of 2,930.30, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. 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 announced 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%. As a group, research analysts expect that Kingfisher plc will post 23.6949924 earnings per share 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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