Citigroup Has Lowered Expectations for Kingfisher (LON:KGF) Stock Price

Kingfisher (LON:KGF) had its target price reduced by analysts at Citigroup from GBX 300 ($4.06) to GBX 285 ($3.86) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the home improvement retailer’s stock. Citigroup’s price target suggests a potential upside of 4.65% from the stock’s previous close.

Several other equities research analysts have also issued reports on KGF. Barclays lowered shares of Kingfisher to an “underweight” rating and increased their target price for the stock from GBX 275 ($3.72) to GBX 280 ($3.79) in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kingfisher from GBX 330 ($4.46) to GBX 320 ($4.33) and set a “buy” rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Kingfisher in a report on Wednesday, July 30th. Finally, Berenberg Bank reduced their target price on shares of Kingfisher from GBX 312 ($4.22) to GBX 306 ($4.14) and set a “hold” rating for the company in a report on Tuesday, July 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 297.75 ($4.03).

Kingfisher Trading Down 0.8%

Kingfisher stock opened at GBX 272.33 ($3.68) on Wednesday. The firm has a 50 day moving average of GBX 277.29 and a 200 day moving average of GBX 270.33. The firm has a market capitalization of £4.81 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 2.87 and a beta of 0.96. Kingfisher has a 12-month low of GBX 227.20 ($3.07) and a 12-month high of GBX 333.50 ($4.51). The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12.

Insider Transactions at Kingfisher

In related news, insider Bill Lennie acquired 50,000 shares of the business’s stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of GBX 277 ($3.75) per share, with a total value of £138,500 ($187,390.07). 0.73% of the stock is currently owned by company insiders.

About Kingfisher

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 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.