Brokerages Set Kingfisher plc (LON:KGF) PT at GBX 309.14

Shares of Kingfisher plc (LON:KGF) have been given an average rating of “Reduce” by the eight research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 309.14.

Several equities analysts have recently commented on KGF shares. Citigroup increased their target price on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Jefferies Financial Group raised 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. Berenberg Bank boosted their target price on shares of Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a report on Tuesday, November 18th.

Insider Buying and Selling at Kingfisher

In other news, insider Lucinda Riches acquired 15,000 shares of Kingfisher stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average cost of GBX 323 per share, for a total transaction of £48,450. Company insiders own 0.35% of the company’s stock.

Kingfisher Trading Up 1.8%

LON:KGF opened at GBX 337.50 on Tuesday. The stock has a market cap of £5.75 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. Kingfisher has a one year low of GBX 236.60 and a one year high of GBX 338.60. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The business’s 50-day simple moving average is GBX 314.49 and its 200 day simple moving average is GBX 294.27.

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.