Kingfisher’s (KGF) “Sell” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Kingfisher (LON:KGF – Get Free Report)‘s stock had its “sell” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Wednesday,Digital Look reports. They presently have a GBX 260 price target on the home improvement retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 13.56% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 291 target price on shares of Kingfisher in a research note on Tuesday. UBS Group reissued a “neutral” rating and issued a GBX 295 target price on shares of Kingfisher in a research note on Friday, May 22nd. Finally, Berenberg Bank reduced their target price on shares of Kingfisher from GBX 333 to GBX 310 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of GBX 302.57.

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Kingfisher Trading Up 1.2%

Shares of KGF opened at GBX 300.80 on Wednesday. Kingfisher has a twelve month low of GBX 240.30 and a twelve month high of GBX 372.30. The company has a market cap of £5.04 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.87 and a beta of 1.11. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 38.02. The company’s fifty day simple moving average is GBX 291.47 and its 200-day simple moving average is GBX 312.

Kingfisher (LON:KGF – Get Free Report) last announced its earnings results on Tuesday, March 24th. The home improvement retailer reported GBX 23.80 earnings per share for the quarter. Kingfisher had a net margin of 1.89% and a return on equity of 3.91%. As a group, analysts expect that Kingfisher will post 23.6949924 EPS for the current year.

Kingfisher declared that its board has approved a share repurchase plan on Friday, April 10th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

About Kingfisher

(Get Free Report)

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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