Kingfisher (LON:KGF) Raised to Hold at Deutsche Bank Aktiengesellschaft

Kingfisher (LON:KGF) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report issued on Friday, Marketbeat.com reports. The firm currently has a GBX 330 price target on the home improvement retailer’s stock, up from their previous price target of GBX 300. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 0.52% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Berenberg Bank lifted their price objective on Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a research note on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a report on Monday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 target price on shares of Kingfisher in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 316.71.

Kingfisher Trading Up 0.1%

LON:KGF opened at GBX 328.30 on Friday. The stock has a market cap of £5.32 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 2.87 and a beta of 1.13. The company has a 50-day moving average price of GBX 315.76 and a 200-day moving average price of GBX 297.85. The company has a current ratio of 1.23, a quick ratio of 0.27 and a debt-to-equity ratio of 38.32. Kingfisher has a 12 month low of GBX 266.40 and a 12 month high of GBX 372.30.

Kingfisher (LON:KGF) last issued its earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share (EPS) for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. Equities analysts predict that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher announced that its Board of Directors has authorized a stock buyback program on Tuesday, September 22nd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Kingfisher

In other Kingfisher news, insider Thierry Garnier sold 732,309 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of GBX 329, for a total transaction of £2,409,296.61. 0.35% of the stock is currently owned by company insiders.

About Kingfisher

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.