Kingfisher's (KGF) Hold Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a Hold rating on Kingfisher with a GBX 303 price target, implying roughly a 0.5% downside from the recent share price, and the analyst consensus on the stock is a Reduce with a consensus target of about GBX 303.75.
• Analyst views are mixed (1 Buy, 5 Hold, 3 Sell) with recent price targets ranging from GBX 260 (Deutsche Bank) to GBX 315 (UBS) and Berenberg recently cutting its target to GBX 310.
• Kingfisher traded around GBX 304.60 (market cap ~£5.11bn) with a P/E of 22.1 and last-quarter EPS of GBX 23.80, and the board has approved a share repurchase program, which may signal management believes the shares are undervalued.

Kingfisher (LON:KGF - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 303 price target on the home improvement retailer's stock. Jefferies Financial Group's price target indicates a potential downside of 0.53% from the company's current price.

KGF has been the topic of several other reports. Berenberg Bank dropped their price objective on shares of Kingfisher from GBX 333 to GBX 310 and set a "hold" rating on the stock in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kingfisher from GBX 255 to GBX 260 and gave the company a "sell" rating in a research report on Friday, March 27th. Finally, UBS Group reissued a "neutral" rating and issued a GBX 315 price objective on shares of Kingfisher in a research report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of GBX 303.75.

Kingfisher Stock Performance

LON KGF traded down GBX 0.50 on Tuesday, hitting GBX 304.60. 12,347,115 shares of the stock were exchanged, compared to its average volume of 20,676,479. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27. The business's fifty day moving average is GBX 324.21 and its 200 day moving average is GBX 315.09. Kingfisher has a 52 week low of GBX 240.30 and a 52 week high of GBX 372.30. The company has a market capitalization of £5.11 billion, a PE ratio of 22.07, a P/E/G ratio of 2.87 and a beta of 1.17.

Kingfisher (LON:KGF - Get Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. Research analysts anticipate that Kingfisher will post 23.6949924 EPS for the current fiscal year.

Kingfisher declared that its board has approved a share repurchase program on Friday, April 10th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of c.73,000 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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