Kingfisher (LON:KGF) Reaches New 1-Year High – Should You Buy?

Kingfisher plc (LON:KGF)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 331.21 and last traded at GBX 331.10, with a volume of 6127042 shares trading hands. The stock had previously closed at GBX 323.60.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup raised their target price on Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Berenberg Bank increased their price target on shares of Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Peel Hunt restated an “add” rating and issued a GBX 320 price objective on shares of Kingfisher in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Finally, Jefferies Financial Group increased their target price on shares of Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of GBX 309.14.

Kingfisher Stock Up 3.1%

The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The company has a fifty day moving average price of GBX 310.87 and a 200 day moving average price of GBX 292.74. The company has a market cap of £5.68 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Insider Activity at Kingfisher

In related news, insider Lucinda Riches purchased 15,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were purchased at an average price of GBX 323 per share, with a total value of £48,450. 0.35% of the stock is 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.