Kingfisher’s (KGF) “Hold” Rating Reaffirmed at Berenberg Bank

Kingfisher (LON:KGF)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 295 price objective on the home improvement retailer’s stock. Berenberg Bank’s price target points to a potential downside of 1.17% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 260 price objective on shares of Kingfisher in a report on Wednesday. UBS Group reiterated a “neutral” rating and issued a GBX 295 price objective on shares of Kingfisher in a report on Friday, May 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a report on Tuesday. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kingfisher currently has a consensus rating of “Reduce” and a consensus target price of GBX 300.43.

Kingfisher Stock Up 0.4%

Shares of LON KGF opened at GBX 298.50 on Wednesday. The company has a 50 day simple moving average of GBX 291.47 and a 200 day simple moving average of GBX 312. The firm has a market cap of £5.01 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11. Kingfisher has a 1 year low of GBX 240.30 and a 1 year high of GBX 372.30. 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 (LON:KGF) last issued its quarterly earnings data on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. On average, research analysts forecast that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher declared that its board has initiated a stock repurchase program on Friday, April 10th that permits the company to buyback 0 shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are 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.