Kingfisher’s (KGF) “Sell” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Kingfisher (LON:KGF)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 260 price objective on the home improvement retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential downside of 13.56% from the stock’s current price.

Several other analysts also recently issued reports on KGF. Berenberg Bank decreased their target price on Kingfisher from GBX 333 to GBX 310 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a research report on Tuesday. Finally, UBS Group restated a “neutral” rating and set a GBX 295 target price on shares of Kingfisher in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of GBX 302.57.

Kingfisher Stock Up 1.2%

Shares of KGF stock opened at GBX 300.80 on Wednesday. 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. The company’s fifty day moving average price is GBX 291.47 and its 200-day moving average price is GBX 312. The company has a market capitalization of £5.04 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.87 and a beta of 1.11.

Kingfisher (LON:KGF) last issued its quarterly 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%. Sell-side analysts expect that Kingfisher will post 23.6949924 EPS for the current fiscal year.

Kingfisher announced that its board has initiated a share buyback plan on Friday, April 10th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are 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.