Kingfisher (LON:KGF) Receives Sell Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their sell rating on shares of Kingfisher (LON:KGF) in a research note issued to investors on Thursday morning,Digital Look reports. They currently have a GBX 260 price target on the home improvement retailer’s stock.

Several other brokerages have also recently commented on KGF. UBS Group reiterated a “neutral” rating and set a GBX 315 target price on shares of Kingfisher in a research report on Wednesday, March 25th. Jefferies Financial Group restated a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a research report on Thursday. Finally, Berenberg Bank lowered their price objective on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a research report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of GBX 302.25.

Kingfisher Stock Performance

Shares of Kingfisher stock opened at GBX 293.60 on Thursday. The firm has a fifty day moving average of GBX 304.91 and a two-hundred day moving average of GBX 314.14. The stock has a market capitalization of £4.92 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.87 and a beta of 1.11. Kingfisher has a 52 week low of GBX 240.30 and a 52 week high of GBX 372.30. The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21.

Kingfisher (LON:KGF) last issued its earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 EPS for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. As a group, equities research analysts predict that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher announced that its board has approved a share buyback plan on Friday, April 10th that permits the company to repurchase 0 shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally 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.