Kingfisher (LON:KGF) Given “Equal Weight” Rating at Morgan Stanley

Kingfisher (LON:KGFGet Rating)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a report issued on Wednesday, Digital Look reports.

A number of other research analysts have also issued reports on KGF. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 313 ($3.86) target price on shares of Kingfisher in a report on Monday, January 31st. Berenberg Bank dropped their price objective on Kingfisher from GBX 370 ($4.56) to GBX 295 ($3.64) and set a “hold” rating for the company in a research note on Thursday, March 24th. Deutsche Bank Aktiengesellschaft raised shares of Kingfisher to a “buy” rating and lowered their price objective for the company from GBX 355 ($4.38) to GBX 335 ($4.13) in a research note on Monday, April 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 370 ($4.56) price target on shares of Kingfisher in a research report on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 350.60 ($4.32).

KGF stock opened at GBX 248.30 ($3.06) on Wednesday. The business’s 50-day moving average is GBX 262.87 and its two-hundred day moving average is GBX 306.79. The firm has a market capitalization of £5.01 billion and a P/E ratio of 6.23. Kingfisher has a 1 year low of GBX 235.20 ($2.90) and a 1 year high of GBX 389.67 ($4.80). The company has a debt-to-equity ratio of 35.29, a current ratio of 1.27 and a quick ratio of 0.35.

In other Kingfisher news, insider Jeff Carr purchased 210,000 shares of the stock in a transaction dated Monday, April 11th. The shares were bought at an average cost of GBX 260 ($3.21) per share, with a total value of £546,000 ($673,159.91).

Kingfisher Company Profile (Get Rating)

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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