Kingfisher (LON:KGF) Trading 16.7% Higher - Time to Buy?

Key Points

• Kingfisher plc shares surged by 16.7% during mid-day trading, reaching a high of GBX 302.30 before closing at GBX 294.40.
• Analysts have lowered their price targets for Kingfisher, with Deutsche Bank and Citigroup reducing their price objectives to GBX 280 and GBX 285, respectively, indicating a generally cautious outlook.
• Kingfisher's earnings report showed an earnings per share of GBX 15.30 and a net margin of 2.68%, with analysts expecting 23.69 EPS for the current fiscal year.

Kingfisher plc (LON:KGF - Get Free Report) shares traded up 16.7% during mid-day trading on Tuesday . The company traded as high as GBX 302.30 ($4.09) and last traded at GBX 294.40 ($3.98). 510,302,031 shares were traded during trading, an increase of 2,170% from the average session volume of 22,482,498 shares. The stock had previously closed at GBX 252.20 ($3.41).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher to a "hold" rating and cut their price objective for the company from GBX 320 to GBX 280 in a report on Tuesday, August 26th. Citigroup cut their price objective 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a report on Wednesday, July 30th. Finally, Berenberg Bank cut their price objective 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. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of GBX 287.75.

Kingfisher Stock Performance

The business's fifty day moving average is GBX 265.82 and its two-hundred day moving average is GBX 272.65. 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 stock has a market capitalization of £5.01 billion, a PE ratio of 2,913.13, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

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