Kingfisher (LON:KGF) Trading Up 15.2% - Here's What Happened

Key Points

• Kingfisher plc's share price surged by 15.2% during mid-day trading, climbing from a previous close of GBX 252.20 ($3.41) to a last traded price of GBX 290.43 ($3.93).
• Equity analysts have expressed a cautious outlook, with a consensus rating of “Reduce” and a target price of GBX 287.75, amid multiple price objective reductions from major banks.
• The company reported an earnings per share of GBX 15.30 for the last quarter, with an anticipated annual EPS of approximately 23.69 for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KGF shares. Berenberg Bank reduced their price objective on shares of Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Citigroup reduced their price objective on shares of Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft cut shares of Kingfisher to a "hold" rating and reduced their price objective for the company from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to 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 £5.03 billion, a PE ratio of 2,929.29, 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.

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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