Kingfisher (LON:KGF) Trading 15.2% Higher – Here’s Why

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

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Berenberg Bank lowered their price target 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 lowered their price target on shares of Kingfisher from GBX 300 to GBX 285 and set a “neutral” rating for the company in a report on Wednesday, August 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a “hold” rating and lowered their price target for the company from GBX 320 to GBX 280 in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of GBX 287.75.

Kingfisher Trading Up 15.0%

The firm 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. The stock’s 50-day moving average price is GBX 265.82 and its 200 day moving average price is GBX 272.65. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

Kingfisher (LON:KGF) last released its quarterly earnings data on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. On average, sell-side analysts expect that Kingfisher plc will post 23.6949924 EPS for the current fiscal 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.