Kingfisher’s (KGF) “Neutral” Rating Reiterated at UBS Group

UBS Group reissued their neutral rating on shares of Kingfisher (LON:KGF) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a GBX 315 price target on the home improvement retailer’s stock.

Several other research analysts also recently commented on the company. Jefferies Financial Group lifted their target price on Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Citigroup increased their price target on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Berenberg Bank reduced 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. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 320 price objective on shares of Kingfisher in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of GBX 303.75.

Kingfisher Trading Down 1.8%

Shares of LON:KGF opened at GBX 273.90 on Wednesday. Kingfisher has a 52-week low of GBX 238.10 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. The company has a market capitalization of £4.61 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. The company has a 50-day simple moving average of GBX 332.19 and a 200 day simple moving average of GBX 311.71.

Kingfisher (LON:KGF) last announced its quarterly earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share for the quarter. Kingfisher had a return on equity of 3.91% and a net margin of 1.89%. Sell-side analysts forecast that Kingfisher will post 23.6949924 earnings per share for the current year.

Insider Transactions at Kingfisher

In related news, insider Lucinda Riches acquired 15,000 shares of the business’s stock in a transaction on Monday, January 12th. The stock was purchased at an average cost of GBX 323 per share, for a total transaction of £48,450. 0.37% of the stock is owned by company insiders.

About Kingfisher

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of c.73,000 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.