Kingfisher plc (LON:KGF – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 372.40 and last traded at GBX 372.33, with a volume of 14,367,061 shares trading hands. The stock had previously closed at GBX 362.80.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on KGF. Jefferies Financial Group restated a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft upgraded Kingfisher to a “hold” rating and upped their price objective for the stock from GBX 300 to GBX 330 in a research note on Friday, October 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 price target on shares of Kingfisher in a report on Friday, July 10th. Finally, Berenberg Bank upped their price objective on shares of Kingfisher from GBX 295 to GBX 320 and gave the company a “hold” rating in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Kingfisher has a consensus rating of “Hold” and an average price target of GBX 316.71.
Get Our Latest Research Report on Kingfisher
Kingfisher Price Performance
The stock has a market capitalization of £6.09 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. The stock’s 50 day moving average is GBX 325.62 and its two-hundred day moving average is GBX 311.34. The company has a debt-to-equity ratio of 38.32, a quick ratio of 0.27 and a current ratio of 1.23.
Kingfisher (LON:KGF – Get Free Report) last announced its quarterly earnings data on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. On average, equities analysts anticipate that Kingfisher plc will post 23.69 EPS for the current fiscal year.
Kingfisher announced that its Board of Directors has initiated a share buyback plan on Tuesday, September 22nd that permits the company to repurchase outstanding shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Share repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Insider Activity
In related news, insider Thierry Garnier sold 732,309 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of GBX 329, for a total value of £2,409,296.61. 0.44% of the stock is owned by corporate insiders.
Kingfisher Company Profile
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.
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