Kingfisher (LON:KGF) Stock Price Up 19.2% - Here's Why

Key Points

• Kingfisher's stock price surged 19.2% on a recent trading day, reaching a high of GBX 301.46, indicating a significant increase in trading volume.
• Analyst ratings for Kingfisher indicate a mix of opinions, with multiple firms assigning a "hold" rating and target prices adjusted downward, reflecting cautious sentiment towards the stock.
• The company reported an earnings per share (EPS) of GBX 15.30 for the last quarter, with analysts projecting an average EPS of approximately GBX 23.69 for the current year.

Kingfisher plc (LON:KGF - Get Free Report) rose 19.2% during mid-day trading on Tuesday . The company traded as high as GBX 301.46 ($4.07) and last traded at GBX 300.60 ($4.06). Approximately 505,761,438 shares were traded during trading, an increase of 2,152% from the average daily volume of 22,457,822 shares. The stock had previously closed at GBX 252.20 ($3.41).

Analyst Ratings Changes

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

Kingfisher Trading Up 17.0%

The business has a fifty day moving average price of GBX 265.82 and a 200 day moving average price of GBX 272.65. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The firm has a market capitalization of £5.12 billion, a price-to-earnings ratio of 2,980.81, a P/E/G ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF - Get Free Report) last posted 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 return on equity of 5.23% and a net margin of 2.68%. As a group, equities analysts forecast 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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