Kingfisher (KGF) Stock Rating Reaffirmed by UBS Group
Kingfisher (LON:KGF)‘s stock had its “sell” rating reiterated by equities researchers at UBS Group in a research note issued to investors on Friday, investing.thisismoney.co.uk reports.
Other equities analysts have also recently issued reports about the company. Goldman Sachs Group cut Kingfisher to a “neutral” rating and cut their price objective for the stock from GBX 270 ($3.53) to GBX 260 ($3.40) in a report on Tuesday, February 5th. HSBC cut Kingfisher to a “hold” rating and cut their price objective for the stock from GBX 350 ($4.57) to GBX 240 ($3.14) in a report on Thursday, November 22nd. Credit Suisse Group lowered their target price on Kingfisher from GBX 315 ($4.12) to GBX 280 ($3.66) and set an “outperform” rating for the company in a research note on Tuesday, February 19th. JPMorgan Chase & Co. lowered their target price on Kingfisher from GBX 220 ($2.87) to GBX 200 ($2.61) and set an “underweight” rating for the company in a research note on Friday, January 25th. Finally, Royal Bank of Canada lowered Kingfisher to an “underperform” rating and lowered their target price for the company from GBX 240 ($3.14) to GBX 200 ($2.61) in a research note on Monday, January 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Kingfisher has an average rating of “Hold” and an average target price of GBX 261.25 ($3.41).
KGF opened at GBX 241.20 ($3.15) on Friday. Kingfisher has a 12-month low of GBX 202.70 ($2.65) and a 12-month high of GBX 350 ($4.57). The company has a debt-to-equity ratio of 1.30, a current ratio of 1.19 and a quick ratio of 0.24. The stock has a market capitalization of $5.07 billion and a PE ratio of 13.18.
Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.
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