Kingfisher (LON:KGF) Trading Up 17.7% - Should You Buy?

Key Points

• Kingfisher plc's stock surged by 17.7%, closing at GBX 296.95 ($4.01) after trading as high as GBX 302.30 ($4.09), with an extraordinary volume increase of 2,163% compared to its daily average.
• Despite the recent gains, multiple analysts have downgraded the stock, with Deutsche Bank, Berenberg Bank, and Citigroup adjusting their price targets to below the current trading value, reflecting a consensus average rating of "Reduce."
• Kingfisher has reported a net margin of 2.68% and a return on equity of 5.23%, with projected earnings per share for the fiscal year estimated at around 23.69.

Kingfisher plc (LON:KGF - Get Free Report) was up 17.7% on Tuesday . The company traded as high as GBX 302.30 ($4.09) and last traded at GBX 296.95 ($4.01). Approximately 508,478,906 shares were traded during trading, an increase of 2,163% from the average daily volume of 22,472,590 shares. The stock had previously closed at GBX 252.20 ($3.41).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KGF shares. Deutsche Bank Aktiengesellschaft cut Kingfisher to a "hold" rating and lowered their price target for the stock from GBX 320 to GBX 280 in a report on Tuesday, August 26th. Berenberg Bank lowered their target price on Kingfisher from GBX 312 to GBX 306 and set a "hold" rating for the company in a report on Tuesday, July 29th. Citigroup lowered their target price on Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating for the company in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Kingfisher in a report on Wednesday, July 30th. Three research 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, Kingfisher has an average rating of "Reduce" and a consensus target price of GBX 287.75.

Kingfisher Stock Up 15.3%

The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The company has a market cap of £5.05 billion, a price-to-earnings ratio of 2,936.36, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The business has a 50-day simple moving average of GBX 265.82 and a 200-day simple moving average of GBX 272.65.

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