Jefferies Financial Group Reiterates Hold Rating for Kingfisher (LON:KGF)

Kingfisher (LON:KGF)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 291 price target on the home improvement retailer’s stock. Jefferies Financial Group’s target price indicates a potential downside of 4.62% from the company’s previous close.

A number of other analysts also recently issued reports on KGF. Berenberg Bank decreased their price target on Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 260 target price on shares of Kingfisher in a research report on Thursday, May 7th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 295 target price on shares of Kingfisher in a research report on Friday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Kingfisher has an average rating of “Reduce” and an average target price of GBX 302.57.

Kingfisher Stock Up 3.5%

Shares of LON:KGF opened at GBX 305.10 on Tuesday. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27. The firm has a market capitalization of £5.12 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11. The firm’s 50-day moving average is GBX 291.70 and its two-hundred day moving average is GBX 312.08. Kingfisher has a 1 year low of GBX 240.30 and a 1 year high of GBX 372.30.

Kingfisher (LON:KGF) last released its earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Kingfisher had a return on equity of 3.91% and a net margin of 1.89%. Analysts predict that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher announced that its board has authorized a share repurchase program on Friday, April 10th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.