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

Key Points

• Kingfisher plc shares surged 14.6% during mid-day trading, reaching a high of GBX 302.30 ($4.09) and last trading at GBX 289.10 ($3.91).
• Equities analysts have recently lowered their price targets for Kingfisher stock, with Berenberg Bank setting a new target of GBX 306 and Citigroup at GBX 285, both maintaining hold or neutral ratings.
• The company reported a net margin of 2.68% and earnings per share of GBX 15.30 for the latest quarter, with analysts forecasting a total EPS of 23.69 for the current year.

Kingfisher plc (LON:KGF - Get Free Report) shares rose 14.6% during mid-day trading on Tuesday . The company traded as high as GBX 302.30 ($4.09) and last traded at GBX 289.10 ($3.91). Approximately 15,801,622 shares were traded during mid-day 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).

Analyst Ratings Changes

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

Kingfisher Trading Up 14.6%

The firm has a market capitalization of £5.02 billion, a price-to-earnings ratio of 2,920.20, a PEG ratio of 2.87 and a beta of 0.96. The business's 50-day simple moving average is GBX 265.82 and its two-hundred day simple 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.

Kingfisher (LON:KGF - Get Free Report) last announced 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 net margin of 2.68% and a return on equity of 5.23%. Equities analysts forecast that Kingfisher plc will post 23.6949924 earnings per share 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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