Kingfisher plc (LON:KGF) Receives Average Recommendation of “Reduce” from Brokerages

Kingfisher plc (LON:KGF) has been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 296.40.

Several research firms recently issued reports on KGF. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a “hold” rating and dropped their price target for the stock from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Citigroup dropped their price target on shares of Kingfisher from GBX 300 to GBX 285 and set a “neutral” rating on the stock in a research note on Wednesday, August 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher in a research note on Wednesday, July 30th. Berenberg Bank dropped their price target on shares of Kingfisher from GBX 312 to GBX 306 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Finally, Canaccord Genuity Group lifted their price target on shares of Kingfisher from GBX 306 to GBX 331 and gave the stock a “hold” rating in a research note on Tuesday, September 23rd.

Kingfisher Stock Performance

Shares of KGF stock opened at GBX 302.96 on Friday. The company’s fifty day simple moving average is GBX 275.84 and its 200-day simple moving average is GBX 277.94. Kingfisher has a 52 week low of GBX 227.20 and a 52 week high of GBX 317.60. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The company has a market cap of £5.26 billion, a PE ratio of 2,885.35, a P/E/G ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF) last issued its earnings results on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 EPS for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. As a group, equities research analysts anticipate that Kingfisher will post 23.6949924 EPS for the current 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.