Kingfisher plc (LON:KGF – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 372.40 and last traded at GBX 372.33, with a volume of 14,367,061 shares. The stock had previously closed at GBX 362.80.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on KGF. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 price objective on shares of Kingfisher in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Kingfisher to a “hold” rating and increased their price target for the company from GBX 300 to GBX 330 in a research note on Friday, October 2nd. Berenberg Bank boosted their price target on shares of Kingfisher from GBX 295 to GBX 320 and gave the company a “hold” rating in a research report on Wednesday, September 23rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 316.71.
Get Our Latest Stock Report on Kingfisher
Kingfisher Trading Up 2.6%
The company has a debt-to-equity ratio of 38.32, a current ratio of 1.23 and a quick ratio of 0.27. The company has a market capitalization of £6.09 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. The business’s 50 day simple moving average is GBX 325.62 and its 200 day simple moving average is GBX 311.34.
Kingfisher (LON:KGF – Get Free Report) last announced its earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share for the quarter. Kingfisher had a net margin of 2.29% and a return on equity of 4.86%. Research analysts anticipate that Kingfisher plc will post 23.69 EPS for the current year.
Kingfisher announced that its board has approved a stock buyback plan on Tuesday, September 22nd that authorizes the company to repurchase shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Share buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Insiders Place Their Bets
In other Kingfisher news, insider Thierry Garnier sold 732,309 shares of the 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. Insiders own 0.44% of the company’s stock.
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.
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