Kingfisher (LON:KGF) Shares Up 9.6% – Time to Buy?

Kingfisher plc (LON:KGF) was up 9.6% on Tuesday . The stock traded as high as GBX 343.70 and last traded at GBX 334.92. 12,224,159 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 28,136,791 shares. The stock had previously closed at GBX 305.70.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 295 price objective on shares of Kingfisher in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 260 target price on shares of Kingfisher in a research note on Wednesday, May 27th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a research report on Friday, July 10th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kingfisher currently has a consensus rating of “Hold” and an average price target of GBX 306.62.

Kingfisher Stock Up 9.6%

The firm has a market cap of £5.43 billion, a PE ratio of 24.27, a P/E/G ratio of 2.87 and a beta of 1.13. The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 38.02. The stock has a 50-day simple moving average of GBX 307.98 and a two-hundred day simple moving average of GBX 296.99.

Kingfisher (LON:KGF) last posted its quarterly earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. Analysts expect that Kingfisher plc will post 23.6949924 earnings per share for the current year.

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.