Kingfisher’s (KGF) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Kingfisher (LON:KGF) in a report published on Friday,Digital Look reports. Royal Bank Of Canada currently has a GBX 350 price target on the home improvement retailer’s stock.

Several other equities analysts have also recently commented on the stock. UBS Group reiterated a “neutral” rating and set a GBX 295 target price on shares of Kingfisher in a research note on Friday, May 22nd. 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. Berenberg Bank reaffirmed a “hold” rating and set a GBX 295 price objective on shares of Kingfisher in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 306.62.

Kingfisher Stock Up 0.8%

KGF opened at GBX 274.91 on Friday. The business has a 50 day moving average of GBX 283.96 and a 200-day moving average of GBX 307.05. The stock has a market capitalization of £4.54 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.87 and a beta of 1.12. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 38.02. Kingfisher has a 1-year low of GBX 240.30 and a 1-year high of GBX 372.30.

Kingfisher declared that its board has authorized a stock repurchase plan on Friday, April 10th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

About Kingfisher

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.