Analysts Set Kingfisher plc (LON:KGF) Price Target at GBX 306.62

Shares of Kingfisher plc (LON:KGF) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 306.62.

Several equities research analysts recently commented on the company. Jefferies Financial Group restated a “hold” rating and set a GBX 291 target price on shares of Kingfisher in a research report on Monday, July 27th. Berenberg Bank reiterated a “hold” rating and issued a GBX 295 target price on shares of Kingfisher in a report on Wednesday, May 27th. UBS Group reissued a “neutral” rating and issued a GBX 295 price target on shares of Kingfisher in a research note on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 260 price objective on shares of Kingfisher in a research report on Wednesday, May 27th.

Kingfisher Stock Performance

Shares of KGF stock opened at GBX 308.60 on Tuesday. The stock has a market capitalization of £5.09 billion, a PE ratio of 22.36, a PEG ratio of 2.87 and a beta of 1.12. The business’s 50 day simple moving average is GBX 287.32 and its 200 day simple moving average is GBX 304.87. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27. Kingfisher has a one year low of GBX 240.30 and a one year high of GBX 372.30.

Kingfisher announced that its Board of Directors has approved a share buyback plan on Friday, April 10th that permits the company to repurchase 0 shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.