Kingfisher’s (KGF) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Kingfisher (LON:KGF) in a report issued on Monday morning, MarketBeat Ratings reports. The firm currently has a GBX 291 price objective on the home improvement retailer’s stock.

A number of other equities analysts have also recently issued reports on KGF. Berenberg Bank reiterated a “hold” rating and issued a GBX 295 target price on shares of Kingfisher in a report on Wednesday, May 27th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 260 price objective on shares of Kingfisher in a report on Wednesday, May 27th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 295 price objective on shares of Kingfisher in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 306.62.

Kingfisher Trading Down 0.6%

Shares of Kingfisher stock opened at GBX 309.59 on Monday. The stock has a market capitalization of £5.11 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. Kingfisher has a 52 week low of GBX 240.30 and a 52 week high of GBX 372.30. The stock has a 50 day moving average price of GBX 286.71 and a two-hundred day moving average price of GBX 304.93. 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 announced that its Board of Directors has approved a stock repurchase program on Friday, April 10th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is 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.