JPMorgan Chase & Co. Reiterates “Underweight” Rating for Kingfisher (KGF)

Kingfisher (LON:KGF)‘s stock had its “underweight” rating restated by investment analysts at JPMorgan Chase & Co. in a report released on Thursday, Digital Look reports. They currently have a GBX 200 ($2.61) target price on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 12.36% from the stock’s current price.

Several other equities analysts have also commented on KGF. Royal Bank of Canada lowered Kingfisher to an “underperform” rating and reduced their price target for the stock from GBX 240 ($3.14) to GBX 200 ($2.61) in a research report on Monday, January 21st. UBS Group reissued a “sell” rating and set a GBX 205 ($2.68) price target (down from GBX 225 ($2.94)) on shares of Kingfisher in a research report on Friday, February 1st. Goldman Sachs Group lowered Kingfisher to a “neutral” rating and reduced their price target for the stock from GBX 270 ($3.53) to GBX 260 ($3.40) in a research report on Tuesday, February 5th. Credit Suisse Group reduced their price target on Kingfisher from GBX 315 ($4.12) to GBX 280 ($3.66) and set an “outperform” rating on the stock in a research report on Tuesday, February 19th. Finally, HSBC lowered Kingfisher to a “reduce” rating and reduced their price target for the stock from GBX 240 ($3.14) to GBX 180 ($2.35) in a research report on Tuesday, March 26th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 241.25 ($3.15).

Kingfisher stock traded down GBX 1.50 ($0.02) during midday trading on Thursday, hitting GBX 228.20 ($2.98). 10,485,592 shares of the company were exchanged, compared to its average volume of 9,940,000. The firm has a market capitalization of $4.80 billion and a PE ratio of 22.37. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.26 and a current ratio of 1.28. Kingfisher has a fifty-two week low of GBX 202.70 ($2.65) and a fifty-two week high of GBX 319.70 ($4.18).

In related news, insider Sophie Gasperment purchased 10,000 shares of Kingfisher stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of GBX 227 ($2.97) per share, with a total value of £22,700 ($29,661.57).

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

Further Reading: P/E Growth (PEG)

Analyst Recommendations for Kingfisher (LON:KGF)

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