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Kingfisher (LON:KGF) Trading 15.2% Higher - Here's Why

Kingfisher logo with Consumer Cyclical background

Key Points

  • Kingfisher plc's share price surged 15.2%, reaching a high of GBX 302.30 ($4.09), which is a significant increase in trading volume by 2,167% compared to its average session volume.
  • Analysts have issued mixed ratings; JPMorgan maintains an "underweight" rating while other firms like Deutsche Bank and Citigroup have revised their price targets downwards, reflecting a cautious outlook.
  • The company reported a net margin of 2.68% and a return on equity of 5.23%, with expectations to post 23.69 EPS for the current year.
  • MarketBeat previews the top five stocks to own by October 1st.

Kingfisher plc (LON:KGF - Get Free Report)'s share price traded up 15.2% on Tuesday . The stock traded as high as GBX 302.30 ($4.09) and last traded at GBX 290.43 ($3.93). 509,624,375 shares were traded during mid-day trading, an increase of 2,167% from the average session volume of 22,478,816 shares. The stock had previously closed at GBX 252.20 ($3.41).

Analysts Set New Price Targets

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

Get Our Latest Research Report on KGF

Kingfisher Price Performance

The firm's fifty day simple moving average is GBX 265.82 and its 200 day simple moving average is GBX 272.65. The firm has a market cap of £5.03 billion, a P/E ratio of 2,929.29, a P/E/G ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26.

Kingfisher (LON:KGF - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 EPS for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. As a group, analysts forecast that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Company Profile

(Get Free Report)

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.

Further Reading

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