Deutsche Bank Aktiengesellschaft Increases Kingfisher (LON:KGF) Price Target to GBX 260

Kingfisher (LON:KGF) had its target price boosted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 255 to GBX 260 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “sell” rating on the home improvement retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 5.07% from the stock’s previous close.

A number of other research firms have also recently commented on KGF. UBS Group reiterated a “neutral” rating and set a GBX 315 price target on shares of Kingfisher in a report on Wednesday. Berenberg Bank decreased their price objective on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of GBX 303.75.

Kingfisher Stock Performance

Shares of Kingfisher stock opened at GBX 273.90 on Friday. The stock has a market cap of £4.61 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 2.87 and a beta of 1.05. The firm’s 50-day moving average is GBX 332.19 and its 200 day moving average is GBX 312.15. Kingfisher has a 1 year low of GBX 238.10 and a 1 year high of GBX 372.30. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27.

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

Insider Activity at Kingfisher

In other Kingfisher news, insider Lucinda Riches acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were bought at an average cost of GBX 323 per share, with a total value of £48,450. 0.37% of the stock is owned by company 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.