Kingfisher (LON:KGF) Announces Share Repurchase Plan

Kingfisher (LON:KGF) announced that its board has approved a stock repurchase plan on Friday, April 10th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on KGF. UBS Group reissued a “neutral” rating and issued a GBX 315 price objective on shares of Kingfisher in a report on Wednesday, March 25th. Berenberg Bank cut their price objective on Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Kingfisher from GBX 255 to GBX 260 and gave the company a “sell” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of GBX 303.75.

Kingfisher Trading Up 2.7%

Shares of LON:KGF opened at GBX 308.20 on Friday. Kingfisher has a 52-week low of GBX 240.30 and a 52-week high of GBX 372.30. The company has a market capitalization of £5.17 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17. The company has a 50-day simple moving average of GBX 324.91 and a 200 day simple moving average of GBX 314.66. The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21.

Kingfisher (LON:KGF) last issued its earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. Sell-side analysts forecast that Kingfisher will post 23.6949924 earnings per share for the current year.

Insider Transactions at Kingfisher

In other Kingfisher news, insider Lucinda Riches purchased 15,000 shares of the business’s stock in a transaction on Monday, January 12th. The stock was acquired at an average price of GBX 323 per share, with a total value of £48,450. 0.35% of the stock is owned by corporate insiders.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of c.73,000 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.