Kingfisher (LON:KGF) Insider Sells £2,409,296.61 in Stock

Kingfisher plc (LON:KGF) insider Thierry Garnier sold 732,309 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of GBX 329, for a total value of £2,409,296.61.

Kingfisher Trading Up 1.0%

LON KGF traded up GBX 3.29 during trading hours on Monday, hitting GBX 332.50. 38,550,809 shares of the company’s stock were exchanged, compared to its average volume of 27,839,754. The business’s 50 day moving average is GBX 312.22 and its 200-day moving average is GBX 297.06. The firm has a market capitalization of £5.39 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.13. Kingfisher plc has a 12-month low of GBX 266.40 and a 12-month high of GBX 372.30. The company has a debt-to-equity ratio of 38.32, a quick ratio of 0.27 and a current ratio of 1.23.

Kingfisher (LON:KGF) last released 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 net margin of 2.29% and a return on equity of 4.86%. As a group, analysts anticipate that Kingfisher plc will post 23.6949924 EPS for the current fiscal year.

Kingfisher declared that its Board of Directors has approved a stock buyback program on Tuesday, September 22nd that allows the company to buyback 0 shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KGF shares. Berenberg Bank boosted their price objective on Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a research report on Wednesday, September 23rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a report on Monday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 price target on shares of Kingfisher in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kingfisher has a consensus rating of “Hold” and a consensus price target of GBX 306.71.

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.