Kingfisher (LON:KGF) Trading 14.6% Higher - Time to Buy?

Key Points

• Kingfisher plc saw its stock price rise by 14.6% on Tuesday, trading at GBX 289.10, following a previous close of GBX 252.20.
• Analyst recommendations for Kingfisher are mixed, with three analysts rating it as a Hold and two as Sell, while the consensus target price is GBX 287.75.
• The home improvement retailer reported a quarterly earnings per share of GBX 15.30, with analysts anticipating an annual EPS of approximately GBX 23.69.

Kingfisher plc (LON:KGF - Get Free Report)'s share price shot 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 traded hands during 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 Analysts Forecast Growth

Several brokerages recently commented on KGF. Citigroup cut their target price on Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded Kingfisher to a "hold" rating and dropped their price target for the stock from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Finally, Berenberg Bank dropped their price target on Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of GBX 287.75.

Kingfisher Stock Up 14.6%

The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. The company has a market capitalization of £5.02 billion, a PE ratio of 2,920.20, a P/E/G ratio of 2.87 and a beta of 0.96. The stock has a 50-day moving average of GBX 266.10 and a 200 day moving average of GBX 272.76.

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