Kingfisher (LON:KGF) Trading 14.6% Higher - Here's What Happened

Key Points

• Kingfisher plc shares surged 14.6%, reaching a high of GBX 302.30 ($4.09), while trading volume declined by 20% from the average to approximately 15.8 million shares.
• Analysts have downgraded Kingfisher to a "hold" rating, with price targets set between GBX 280 and GBX 306, showing a consensus price target of GBX 287.75.
• The company reported a quarterly EPS of GBX 15.30, with expectations for annual EPS to be around 23.69, reflecting a net margin of 2.68% and a return on equity of 5.23%.

Kingfisher plc (LON:KGF - Get Free Report) traded up 14.6% during trading on Tuesday . The stock traded as high as GBX 302.30 ($4.09) and last traded at GBX 289.10 ($3.91). 15,801,622 shares were traded 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).

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a "hold" rating and decreased their price target for the stock from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Berenberg Bank decreased 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. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Finally, Citigroup decreased 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. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Kingfisher has an average rating of "Reduce" and a consensus price target of GBX 287.75.

Kingfisher Stock Up 14.6%

The business's fifty day moving average price is GBX 266.10 and its 200 day moving average price is GBX 272.76. The firm has a market capitalization of £5.02 billion, a price-to-earnings ratio of 2,920.20, a PEG ratio of 2.87 and a beta of 0.96. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12.

Kingfisher (LON:KGF - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts expect 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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