Kingfisher (LON:KGF) Stock Price Up 14.6% - Time to Buy?

Key Points

• Kingfisher plc shares surged by 14.6% on the most recent trading day, closing at GBX 289.10 ($3.91), up from a previous close of GBX 252.20 ($3.41).
• Several brokerages have recently downgraded their ratings and price targets for Kingfisher, with an average target of GBX 287.75 and a consensus rating of "Reduce."
• The company's most recent quarterly earnings report showed an EPS of GBX 15.30 and a net margin of 2.68%, indicating steady but modest financial performance.

Kingfisher plc (LON:KGF - Get Free Report) shares rose 14.6% 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).

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KGF. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a report on Wednesday, July 30th. 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. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher to a "hold" rating and dropped their price target for the stock from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Finally, Citigroup dropped their price target 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. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of GBX 287.75.

Kingfisher Trading Up 14.6%

The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The stock's 50-day moving average is GBX 265.82 and its two-hundred day moving average is GBX 272.65. The stock has a market cap of £5.02 billion, a P/E ratio of 2,920.20, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF - Get Free Report) last released its quarterly 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%. Equities research analysts anticipate that Kingfisher plc will post 23.6949924 EPS 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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