Kingfisher’s (KGF) Sell Rating Reaffirmed at UBS Group

Share on StockTwits

Kingfisher (LON:KGF)‘s stock had its “sell” rating restated by equities research analysts at UBS Group in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also commented on KGF. Royal Bank of Canada lifted their price target on shares of Kingfisher from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the stock an “underperform” rating in a research note on Wednesday, April 17th. Jefferies Financial Group reduced their price target on shares of Kingfisher from GBX 400 ($5.23) to GBX 320 ($4.18) and set a “buy” rating for the company in a research note on Tuesday, April 9th. Societe Generale lowered shares of Kingfisher to a “sell” rating in a research note on Tuesday, April 9th. Credit Suisse Group reduced their price target on shares of Kingfisher from GBX 315 ($4.12) to GBX 280 ($3.66) and set an “outperform” rating for the company in a research note on Tuesday, February 19th. Finally, HSBC lowered shares of Kingfisher to a “hold” rating in a research note on Thursday, January 10th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 241.25 ($3.15).

Shares of KGF stock opened at GBX 251.70 ($3.29) on Thursday. Kingfisher has a 52 week low of GBX 202.70 ($2.65) and a 52 week high of GBX 319.70 ($4.18). The company has a market capitalization of $5.34 billion and a PE ratio of 24.68. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.28 and a quick ratio of 0.26.

In other Kingfisher news, insider Sophie Gasperment acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of GBX 227 ($2.97) per share, with a total value of £22,700 ($29,661.57). In the last three months, insiders purchased 10,127 shares of company stock worth $2,300,016.

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: What is a recession?

Analyst Recommendations for Kingfisher (LON:KGF)

Receive News & Ratings for Kingfisher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher and related companies with MarketBeat.com's FREE daily email newsletter.