Kingfisher (LON:KGF) Stock Price Up 14.6% - Should You Buy?

Key Points

• Kingfisher plc's stock price increased by 14.6%, closing at GBX 289.10 ($3.91) after reaching a high of GBX 302.30 ($4.09) during trading.
• Several research firms have downgraded Kingfisher, with Deutsche Bank lowering its price target from GBX 320 to GBX 280 and labeling it a "hold." The current consensus rating for the stock is "Reduce" with an average target price of GBX 287.75.
• Kingfisher reported quarterly earnings of GBX 15.30 EPS and has a market capitalization of £5.03 billion, alongside a high P/E ratio of 2,924.24.

Kingfisher plc (LON:KGF - Get Free Report)'s stock price shot up 14.6% during trading on Tuesday . The company 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 mid-day 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).

Wall Street Analyst Weigh In

Several research firms have weighed in on KGF. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a "hold" rating and lowered their price target for the stock from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Citigroup lowered their price target 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. Berenberg Bank lowered their price target 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, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of GBX 287.75.

Kingfisher Price Performance

The business's 50 day moving average price is GBX 266.10 and its 200 day moving average price is GBX 272.76. The stock has a market capitalization of £5.03 billion, a P/E 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 current ratio of 1.26 and a quick ratio of 0.27.

Kingfisher (LON:KGF - Get Free Report) last announced its quarterly earnings results on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 EPS for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. Sell-side analysts forecast that Kingfisher plc will post 23.6949924 EPS for the current 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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