UBS Group Reiterates “Neutral” Rating for Kingfisher (LON:KGF)

Kingfisher (LON:KGF)‘s stock had its “neutral” rating restated by stock analysts at UBS Group in a report issued on Friday,Digital Look reports. They presently have a GBX 295 target price on the home improvement retailer’s stock. UBS Group’s target price suggests a potential upside of 0.27% from the stock’s previous close.

A number of other brokerages have also recently issued reports on KGF. Berenberg Bank decreased their target price on Kingfisher from GBX 333 to GBX 310 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 260 price target on shares of Kingfisher in a research report on Thursday, May 7th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of GBX 302.57.

Kingfisher Price Performance

Shares of KGF opened at GBX 294.20 on Friday. Kingfisher has a one year low of GBX 240.30 and a one year high of GBX 372.30. The stock’s fifty day moving average is GBX 292.33 and its 200-day moving average is GBX 312.22. 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 firm has a market capitalization of £4.93 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11.

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

Kingfisher declared that its Board of Directors has approved a stock buyback program on Friday, April 10th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership 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.