Kingfisher (LON:KGF) Trading 9.6% Higher - Still a Buy?

Key Points

• Kingfisher shares jumped 9.6% to GBX 334.92, with about 12.2 million shares traded, after previously closing at GBX 305.70.
• Analyst sentiment remains mixed: the stock has an average rating of “Hold” and an average price target of GBX 306.62, below its latest trading price. Ratings range from “Sell” to “Outperform.”
• Kingfisher reported quarterly EPS of GBX 17.80, while profitability remained modest with a 3.91% return on equity and a 1.89% net margin; analysts expect full-year EPS of approximately GBX 23.69.

Kingfisher plc (LON:KGF - Get Free Report) shares rose 9.6% on Tuesday . The company traded as high as GBX 343.70 and last traded at GBX 334.92. Approximately 12,224,159 shares were traded during trading, a decline of 57% from the average session volume of 28,136,791 shares. The stock had previously closed at GBX 305.70.

Analysts Set New Price Targets

KGF has been the topic of a number of analyst reports. Berenberg Bank restated a "hold" rating and set a GBX 295 target price on shares of Kingfisher in a research report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 350 target price on shares of Kingfisher in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating and set a GBX 260 price target on shares of Kingfisher in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of GBX 306.62.

Kingfisher Trading Up 9.6%

The business has a 50 day moving average of GBX 307.98 and a two-hundred day moving average of GBX 296.99. The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21. The firm has a market capitalization of £5.43 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.87 and a beta of 1.13.

Kingfisher (LON:KGF - Get Free Report) last issued its quarterly earnings data on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 EPS for the quarter. Kingfisher had a return on equity of 3.91% and a net margin of 1.89%. Equities analysts predict that Kingfisher plc will post 23.6949924 EPS for the current year.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of more than 70,000 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.