Kingfisher’s (KGF) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Kingfisher (LON:KGF) in a research report released on Tuesday, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 303 price objective on the home improvement retailer’s stock.

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

Kingfisher Price Performance

KGF stock opened at GBX 305.50 on Tuesday. Kingfisher has a 52 week low of GBX 240.30 and a 52 week high of GBX 372.30. The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 38.02. The company has a fifty day simple moving average of GBX 323.47 and a two-hundred day simple moving average of GBX 315.12. The firm has a market capitalization of £5.12 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17.

Kingfisher (LON:KGF) last released its quarterly earnings data on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 EPS for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. Analysts anticipate that Kingfisher will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher announced that its Board of Directors has authorized a stock buyback plan on Friday, April 10th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About Kingfisher

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of more than 70,000 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.