Peel Hunt Reiterates Add Rating for Kingfisher (LON:KGF)

Kingfisher (LON:KGF)‘s stock had its “add” rating reaffirmed by stock analysts at Peel Hunt in a report issued on Tuesday, MarketBeat reports. They currently have a GBX 320 target price on the home improvement retailer’s stock. Peel Hunt’s price objective indicates a potential upside of 5.46% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Berenberg Bank dropped their target price on Kingfisher from GBX 312 to GBX 306 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a report on Tuesday, November 18th. Citigroup reduced their target price on shares of Kingfisher from GBX 300 to GBX 285 and set a “neutral” rating for the company in a report on Wednesday, August 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher in a report 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 report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of GBX 309.14.

Kingfisher Trading Down 2.1%

LON:KGF opened at GBX 303.42 on Tuesday. The company has a market capitalization of £5.21 billion, a P/E ratio of 28.90, a PEG ratio of 2.87 and a beta of 0.96. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. Kingfisher has a 12 month low of GBX 227.20 and a 12 month high of GBX 320.60. The firm has a fifty day simple moving average of GBX 299.90 and a 200-day simple moving average of GBX 284.88.

Kingfisher (LON:KGF) last issued its 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%. On average, equities research analysts anticipate 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.