Kingfisher plc (LON:KGF) Given Average Rating of “Hold” by Analysts

Shares of Kingfisher plc (LON:KGF) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 306.62.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 350 target price on shares of Kingfisher in a research report on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 291 price target on shares of Kingfisher in a research report on Tuesday, May 26th. UBS Group reiterated a “neutral” rating and set a GBX 295 price objective on shares of Kingfisher in a research note on Friday, May 22nd. Berenberg Bank reissued a “hold” rating and issued a GBX 295 price objective on shares of Kingfisher in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 260 target price on shares of Kingfisher in a research note on Wednesday, May 27th.

Kingfisher Stock Performance

LON KGF opened at GBX 273.80 on Friday. The firm has a market capitalization of £4.52 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.87 and a beta of 1.12. Kingfisher has a 1-year low of GBX 240.30 and a 1-year high of GBX 372.30. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27. The business’s 50-day simple moving average is GBX 284.05 and its 200-day simple moving average is GBX 307.28.

Kingfisher announced that its Board of Directors has initiated a stock repurchase plan on Friday, April 10th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.