Kingfisher plc (LON:KGF) Receives GBX 296.40 Consensus PT from Brokerages

Shares of Kingfisher plc (LON:KGF) have been given an average recommendation of “Reduce” by the six brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 296.40.

KGF has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on Kingfisher from GBX 300 to GBX 285 and set a “neutral” rating for the company in a research note on Wednesday, August 13th. Berenberg Bank cut their price target on Kingfisher from GBX 312 to GBX 306 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft downgraded Kingfisher to a “hold” rating and cut their price target for the stock from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Kingfisher in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group increased their price target on Kingfisher from GBX 306 to GBX 331 and gave the stock a “hold” rating in a research note on Tuesday.

Kingfisher Stock Performance

Shares of KGF stock opened at GBX 301 on Wednesday. The business’s 50 day simple moving average is GBX 267.13 and its 200 day simple moving average is GBX 273.32. Kingfisher has a one year low of GBX 227.20 and a one year high of GBX 327.93. The stock has a market capitalization of £5.23 billion, a PE ratio of 3,040.40, a PEG ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

Kingfisher (LON:KGF) last issued its quarterly earnings results on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 earnings per share (EPS) for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. As a group, research analysts forecast that Kingfisher will post 23.6949924 earnings per share for the current year.

About Kingfisher

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.