Kingfisher (LON:KGF) Downgraded to “Underweight” Rating by Barclays

Barclays lowered shares of Kingfisher (LON:KGF) to an underweight rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have GBX 280 ($3.75) target price on the home improvement retailer’s stock, up from their previous target price of GBX 275 ($3.68).

Kingfisher Stock Down 1.1%

Shares of KGF opened at GBX 310.39 ($4.16) on Tuesday. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. The business has a fifty day moving average of GBX 272.77 and a 200 day moving average of GBX 261.59. The company has a market cap of £5.48 billion, a PE ratio of 16.54, a P/E/G ratio of 2.87 and a beta of 0.96. Kingfisher has a 52-week low of GBX 227.20 ($3.04) and a 52-week high of GBX 333.50 ($4.47).

Kingfisher (LON:KGF) last announced its earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) earnings per share for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. On average, sell-side analysts expect that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be paid a GBX 19.72 ($0.26) dividend. The ex-dividend date is Thursday, May 22nd. This represents a yield of 3.44%. This is an increase from Kingfisher’s previous dividend of $3.80. Kingfisher’s dividend payout ratio (DPR) is presently 63.94%.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight 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.