Kingfisher plc (LON:KGF) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kingfisher plc (LON:KGF) have been given a consensus rating of “Hold” by the nine research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 306.62.

A number of equities research analysts recently issued reports on KGF shares. UBS Group reissued a “neutral” rating and set a GBX 295 price target on shares of Kingfisher in a research note on Friday, May 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a research note on Monday. Berenberg Bank reiterated a “hold” rating and set a GBX 295 target price on shares of Kingfisher in a research report on Wednesday, May 27th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 350 target price on shares of Kingfisher in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 260 price target on shares of Kingfisher in a report on Wednesday, May 27th.

Kingfisher Stock Down 1.7%

Shares of LON KGF opened at GBX 298.90 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 company has a market cap of £4.93 billion, a P/E ratio of 21.66, a PEG ratio of 2.87 and a beta of 1.12. Kingfisher has a 1 year low of GBX 240.30 and a 1 year high of GBX 372.30. The firm has a 50-day simple moving average of GBX 285.64 and a two-hundred day simple moving average of GBX 305.18.

Kingfisher announced that its Board of Directors has authorized a share repurchase plan on Friday, April 10th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is 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.