Kingfisher (LON:KGF) Trading 14.6% Higher - What's Next?

Key Points

• Kingfisher plc shares saw a significant increase of 14.6%, reaching a recent trading price of GBX 289.10 after closing at GBX 252.20.
• The company's market capitalization stands at £5.02 billion, with analysts predicting an earnings per share (EPS) of 23.69 for the current fiscal year.
• Several analysts have rated Kingfisher's shares as a "Hold," with the consensus price target set at GBX 287.75, reflecting some downward adjustments from previous targets.

Kingfisher plc (LON:KGF - Get Free Report) shares were up 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 traded hands during 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).

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KGF shares. Deutsche Bank Aktiengesellschaft cut 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. reaffirmed 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 research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Kingfisher currently has a consensus rating of "Reduce" and a consensus price target of GBX 287.75.

Kingfisher Price Performance

The company has a 50 day moving average price of GBX 266.10 and a 200 day moving average price of GBX 272.76. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The company has a market capitalization of £5.02 billion, a P/E ratio of 2,920.20, 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 for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. On average, equities analysts predict that Kingfisher plc will post 23.6949924 EPS for the current fiscal 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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