Kingfisher (LON:KGF) Stock Price Up 14.6% - Still a Buy?

Key Points

• Kingfisher's stock experienced a significant increase of 14.6%, reaching a high of GBX 302.30 ($4.09) during trading, although it last traded at GBX 289.10 ($3.91).
• Analysts have downgraded Kingfisher's stock ratings with Deutsche Bank and Citigroup reducing their price targets to GBX 280 and GBX 285 respectively, indicating a cautious outlook.
• The company's earnings report reflected GBX 15.30 earnings per share, with forecasted earnings for the current fiscal year estimated at approximately 23.69 earnings per share.

Kingfisher plc (LON:KGF - Get Free Report)'s stock price rose 14.6% during mid-day trading 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 changed hands 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).

Analysts Set New Price Targets

Several equities research analysts have issued reports on KGF shares. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a "hold" rating and cut their price objective for the stock from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Citigroup cut 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. JPMorgan Chase & Co. restated an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Finally, Berenberg Bank dropped their price target 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. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Kingfisher currently has an average rating of "Reduce" and a consensus price target of GBX 287.75.

Kingfisher Stock Up 14.6%

The firm has a market cap of £5.02 billion, a price-to-earnings ratio of 2,920.20, a P/E/G ratio of 2.87 and a beta of 0.96. The firm's 50 day moving average price is GBX 266.10 and its two-hundred day moving average price is GBX 272.76. 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 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%. As a group, sell-side analysts forecast that Kingfisher plc will post 23.6949924 earnings per share 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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