Berenberg Bank Increases Kingfisher (LON:KGF) Price Target to GBX 334

Kingfisher (LON:KGF) had its target price upped by equities researchers at Berenberg Bank from GBX 331 to GBX 334 in a report issued on Tuesday, Marketbeat reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. Berenberg Bank’s price target suggests a potential upside of 10.08% from the company’s current price.

KGF has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a research note on Tuesday, November 18th. Canaccord Genuity Group increased their price target on shares of Kingfisher from GBX 306 to GBX 331 and gave the company a “hold” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Kingfisher in a research report on Wednesday, July 30th. Finally, Peel Hunt restated an “add” rating and issued a GBX 320 target price on shares of Kingfisher in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kingfisher has a consensus rating of “Reduce” and a consensus target price of GBX 309.14.

Kingfisher Stock Down 2.1%

Shares of Kingfisher stock opened at GBX 303.42 on Tuesday. 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 52-week low of GBX 227.20 and a 52-week high of GBX 320.60. The company has a market capitalization of £5.21 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.87 and a beta of 0.96. The company has a 50 day moving average of GBX 299.90 and a 200 day moving average of GBX 284.88.

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