Kingfisher (LON:KGF) Price Target Raised to GBX 350

Kingfisher (LON:KGF) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 310 ($4.10) to GBX 350 ($4.62) in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 7.16% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Kingfisher in a research report on Friday, July 12th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 250 ($3.30) price target on shares of Kingfisher in a report on Friday, July 12th.

Kingfisher Trading Up 1.1 %

LON KGF traded up GBX 3.70 ($0.05) during trading hours on Wednesday, hitting GBX 326.60 ($4.31). 8,278,435 shares of the company’s stock were exchanged, compared to its average volume of 8,456,243. The company has a debt-to-equity ratio of 37.49, a quick ratio of 0.27 and a current ratio of 1.29. The firm has a market capitalization of £5.98 billion, a P/E ratio of 1,814.44, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The business’s 50 day moving average is GBX 274.98 and its 200-day moving average is GBX 256.82. Kingfisher has a 12-month low of GBX 198.30 ($2.62) and a 12-month high of GBX 328 ($4.33).

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.