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

Jefferies Financial Group restated their hold rating on shares of Kingfisher (LON:KGF) in a report issued on Monday, MarketBeat reports. They currently have a GBX 291 target price on the home improvement retailer’s stock.

KGF has been the topic of a number of other reports. UBS Group restated a “neutral” rating and issued a GBX 295 target price on shares of Kingfisher in a report on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 price target on shares of Kingfisher in a research report on Friday, July 10th. Berenberg Bank reissued a “hold” rating and issued a GBX 295 price target on shares of Kingfisher in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 260 price objective on shares of Kingfisher in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 306.62.

Kingfisher Price Performance

LON KGF opened at GBX 303.57 on Monday. Kingfisher has a 1 year low of GBX 240.30 and a 1 year high of GBX 372.30. The business’s fifty day moving average is GBX 285.64 and its two-hundred day moving average is GBX 305.18. The stock has a market capitalization of £5.01 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.87 and a beta of 1.12. 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 announced that its board has initiated a share buyback plan on Friday, April 10th that allows the company to repurchase 0 shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are 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.