Kingfisher (LON:KGF) Sets New 1-Year High – Here’s What Happened

Kingfisher plc (LON:KGF) shares reached a new 52-week high on Monday . The company traded as high as GBX 367.40 and last traded at GBX 361.40, with a volume of 3761604 shares traded. The stock had previously closed at GBX 356.02.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Berenberg Bank raised their target price on Kingfisher from GBX 331 to GBX 334 and gave the company a “hold” rating in a report on Tuesday, November 25th. Jefferies Financial Group lifted their price objective on shares of Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft increased their target price 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 boosted their price target on shares of Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 320 price objective on shares of Kingfisher in a research report on Tuesday, November 25th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of GBX 309.14.

Kingfisher Stock Up 1.5%

The company has a market capitalization of £6.13 billion, a PE ratio of 34.42, a P/E/G ratio of 2.87 and a beta of 0.96. The stock’s fifty day moving average is GBX 322.96 and its two-hundred day moving average is GBX 299.50. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12.

Insiders Place Their Bets

In related news, insider Lucinda Riches purchased 15,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was bought at an average price of GBX 323 per share, for a total transaction of £48,450. 0.37% of the stock is currently owned by 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.