Kingfisher (LON:KGF – Get Free Report)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 291 target price on the home improvement retailer’s stock. Jefferies Financial Group’s target price suggests a potential downside of 4.62% from the company’s current price.
KGF has been the subject of several other reports. UBS Group reiterated a “neutral” rating and issued a GBX 295 price target on shares of Kingfisher in a report on Friday. Berenberg Bank cut their price target on Kingfisher from GBX 333 to GBX 310 and set a “hold” rating for the company in a report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 260 price target on shares of Kingfisher in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of GBX 302.57.
Kingfisher Trading Up 3.5%
Kingfisher (LON:KGF – Get Free Report) last issued its quarterly earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share for the quarter. Kingfisher had a return on equity of 3.91% and a net margin of 1.89%. Sell-side analysts anticipate that Kingfisher will post 23.6949924 EPS for the current fiscal year.
Kingfisher announced that its board has approved a share repurchase program on Friday, April 10th that permits the company to buyback 0 shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is 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.
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