Kingfisher plc (LON:KGF – Get Free Report)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 300.84 and traded as high as GBX 347.10. Kingfisher shares last traded at GBX 344.71, with a volume of 5,418,807 shares trading hands.
Wall Street Analysts Forecast Growth
KGF has been the topic of several research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. Berenberg Bank lifted their target price on Kingfisher from GBX 295 to GBX 320 and gave the stock a “hold” rating in a research report on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft upgraded Kingfisher to a “hold” rating and boosted their price target for the company from GBX 300 to GBX 330 in a report on Friday, October 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 350 price target on shares of Kingfisher in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 316.71.
View Our Latest Report on Kingfisher
Kingfisher Trading Down 2.1%
The stock has a market cap of £5.55 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. The firm’s 50 day moving average is GBX 319.39 and its two-hundred day moving average is GBX 301.24. The company has a quick ratio of 0.27, a current ratio of 1.23 and a debt-to-equity ratio of 38.32.
Kingfisher (LON:KGF – Get Free Report) last issued its earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 EPS for the quarter. Kingfisher had a return on equity of 4.86% and a net margin of 2.29%. Equities analysts anticipate that Kingfisher plc will post 23.69 EPS for the current year.
Kingfisher announced that its Board of Directors has initiated a stock repurchase program on Tuesday, September 22nd that authorizes the company to buy back 0 outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Share repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Insider Transactions at Kingfisher
In related news, insider Thierry Garnier sold 732,309 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of GBX 329, for a total transaction of £2,409,296.61. 0.44% of the stock is owned by corporate insiders.
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.
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