Kingfisher (LON:KGF) Given New GBX 285 Price Target at Citigroup

Kingfisher (LON:KGF) had its price objective reduced by Citigroup from GBX 300 ($4.07) to GBX 285 ($3.87) in a research report sent to investors on Wednesday, Marketbeat reports. They currently have a neutral rating on the home improvement retailer’s stock.

Several other equities research analysts have also weighed in on the company. Barclays lowered Kingfisher to an “underweight” rating and upped their price objective for the company from GBX 275 ($3.73) to GBX 280 ($3.80) in a research note on Tuesday, May 20th. Berenberg Bank decreased their price target on Kingfisher from GBX 312 ($4.24) to GBX 306 ($4.16) and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Kingfisher from GBX 330 ($4.48) to GBX 320 ($4.35) and set a “buy” rating for the company in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Kingfisher in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 297.75 ($4.04).

Kingfisher Stock Performance

LON:KGF opened at GBX 274.50 ($3.73) on Wednesday. The firm has a market capitalization of £4.85 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. Kingfisher has a 12-month low of GBX 227.20 ($3.09) and a 12-month high of GBX 333.50 ($4.53). The firm has a 50-day moving average price of GBX 277.40 and a 200 day moving average price of GBX 270.10.

Insider Buying and Selling at Kingfisher

In other Kingfisher news, insider Bill Lennie bought 50,000 shares of Kingfisher stock in a transaction dated Friday, May 30th. The shares were acquired at an average cost of GBX 277 ($3.76) per share, with a total value of £138,500 ($188,077.13). Insiders own 0.73% of the company’s stock.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 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.