Kingfisher (LON:KGF) Trading 17.5% Higher - Time to Buy?

Key Points

• Kingfisher plc's share price surged 17.5% during mid-day trading, reaching a high of GBX 302.30 ($4.09) before closing at GBX 296.45 ($4.01), with trading volume increasing by 2,159% from the average.
• Analyst ratings have been mixed, with Deutsche Bank and Citigroup lowering their price targets, reflecting a consensus average target price of GBX 287.75 and a general "Reduce" rating.
• Kingfisher reported a GBX 15.30 EPS for their last quarter and has a market cap of £5.12 billion amid expectations for an EPS of 23.69 for the current fiscal year.

Kingfisher plc (LON:KGF - Get Free Report)'s share price shot up 17.5% during mid-day trading on Tuesday . The company traded as high as GBX 302.30 ($4.09) and last traded at GBX 296.45 ($4.01). 507,467,844 shares were traded during trading, an increase of 2,159% from the average session volume of 22,467,096 shares. The stock had previously closed at GBX 252.20 ($3.41).

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KGF. Deutsche Bank Aktiengesellschaft cut shares of 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. Citigroup dropped their price target on shares of Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Berenberg Bank dropped their price target on shares of Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of GBX 287.75.

Kingfisher Price Performance

The firm's fifty day moving average price is GBX 265.82 and its 200 day moving average price 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 cap of £5.12 billion, a PE ratio of 2,980.81, a P/E/G ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF - Get Free Report) last released its earnings results 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, equities analysts expect 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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