Kingfisher plc (LON:KGF) Receives Average Recommendation of “Reduce” from Analysts

Shares of Kingfisher plc (LON:KGF) have been assigned an average recommendation of “Reduce” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 309.14.

Several equities analysts have issued reports on the company. Berenberg Bank raised their price objective on Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upped their target price on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a research report on Tuesday, November 18th. Peel Hunt reaffirmed an “add” rating and set a GBX 320 price target on shares of Kingfisher in a research report on Tuesday, November 25th. Jefferies Financial Group lifted their target price on shares of Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a report on Wednesday, November 26th. Finally, Citigroup increased their price target on shares of Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th.

Insider Activity

In related news, insider Lucinda Riches purchased 15,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average price of GBX 323 per share, with a total value of £48,450. 0.35% of the stock is currently owned by corporate insiders.

Kingfisher Trading Down 0.2%

Shares of Kingfisher stock opened at GBX 322.80 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The company has a fifty day simple moving average of GBX 310.87 and a 200-day simple moving average of GBX 292.74. The stock has a market cap of £5.50 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.87 and a beta of 0.96. Kingfisher has a 12-month low of GBX 236.60 and a 12-month high of GBX 330.50.

About Kingfisher

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.