Jefferies Financial Group Reaffirms “Hold” Rating for Kingfisher (LON:KGF)

Kingfisher (LON:KGF)‘s stock had its “hold” rating reaffirmed by Jefferies Financial Group in a research note issued on Thursday,Digital Look reports. They currently have a GBX 291 target price on the home improvement retailer’s stock. Jefferies Financial Group’s target price points to a potential upside of 1.32% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Berenberg Bank dropped their target price on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft increased their price objective on Kingfisher from GBX 255 to GBX 260 and gave the company a “sell” rating in a research report on Friday, March 27th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 315 price target on shares of Kingfisher in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of GBX 302.25.

Kingfisher Stock Down 0.8%

Shares of LON KGF traded down GBX 2.40 during mid-day trading on Thursday, reaching GBX 287.20. 36,263,156 shares of the company traded hands, compared to its average volume of 29,079,949. The company’s fifty day moving average is GBX 306.45 and its two-hundred day moving average is GBX 314.24. 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 has a fifty-two week low of GBX 240.30 and a fifty-two week high of GBX 372.30. The stock has a market cap of £4.81 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11.

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

Kingfisher announced that its board has initiated a share buyback plan on Friday, April 10th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically 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.