Kingfisher plc (LON:KGF) Stock Has Consensus Price Target of GBX 316.71

Shares of Kingfisher plc (LON:KGF) have received an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 316.71.

A number of equities research analysts recently issued reports on KGF shares. Jefferies Financial Group reissued a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a research report on Monday, July 27th. Berenberg Bank upped their price target on Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a research report on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft raised Kingfisher to a “hold” rating and upped their price target for the stock from GBX 300 to GBX 330 in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a research note on Friday, July 10th.

Insider Activity at Kingfisher

In related news, insider Thierry Garnier sold 732,309 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of GBX 329, for a total transaction of £2,409,296.61. 0.44% of the stock is currently owned by corporate insiders.

Kingfisher Stock Performance

Shares of Kingfisher stock opened at GBX 342.52 on Friday. The firm has a market cap of £5.60 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. The stock’s 50-day moving average is GBX 318.51 and its 200-day moving average is GBX 300.24. Kingfisher has a one year low of GBX 266.40 and a one year high of GBX 372.30. The company has a debt-to-equity ratio of 38.32, a current ratio of 1.23 and a quick ratio of 0.27.

Kingfisher (LON:KGF) last posted its quarterly earnings data on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. Equities analysts predict that Kingfisher will post 23.69 earnings per share for the current fiscal year.

Kingfisher announced that its Board of Directors has approved a share buyback program on Tuesday, September 22nd that allows the company to buy back 0 outstanding shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Share repurchase programs 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.