Key Points
- Kingfisher insider Thierry Garnier sold 732,309 shares at an average price of GBX 329, generating proceeds of approximately £2.41 million.
- Kingfisher shares opened at GBX 337.31 and were reported up 2.5%, with the stock trading between a 52-week low of GBX 266.40 and high of GBX 372.30.
- Analysts maintain an overall “Hold” rating, with an average price target of GBX 306.71; recent targets range from GBX 291 to GBX 350.
Kingfisher plc (LON:KGF - Get Free Report) insider Thierry Garnier sold 732,309 shares of the business's stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of GBX 329, for a total value of £2,409,296.61.
Kingfisher Stock Up 2.5%
LON KGF opened at GBX 337.31 on Tuesday. The stock has a market cap of £5.46 billion, a PE ratio of 24.44, a P/E/G ratio of 2.87 and a beta of 1.13. Kingfisher plc has a fifty-two week low of GBX 266.40 and a fifty-two week high of GBX 372.30. The business has a 50 day moving average price of GBX 313.08 and a two-hundred day moving average price of GBX 297.20. 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 quarterly earnings data on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share (EPS) for the quarter. Kingfisher had a net margin of 2.29% and a return on equity of 4.86%. As a group, sell-side analysts predict that Kingfisher plc will post 23.6949924 EPS for the current fiscal year.
Kingfisher declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, September 22nd that permits the company to repurchase 0 shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Analysts Set New Price Targets
KGF has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 291 price target on shares of Kingfisher in a research note on Monday, July 27th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 350 price objective on shares of Kingfisher in a research report on Friday, July 10th. Finally, Berenberg Bank raised their target price on Kingfisher from GBX 295 to GBX 320 and gave the company a "hold" rating in a research note on Wednesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 306.71.
Read Our Latest Research Report on KGF
Kingfisher Company Profile
(
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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