Shares of Kingfisher plc (LON:KGF) reached a new 52-week high on Wednesday . The company traded as high as GBX 287.90 ($3.76) and last traded at GBX 277 ($3.62), with a volume of 15521264 shares trading hands. The stock had previously closed at GBX 273.50 ($3.57).
Several brokerages recently issued reports on KGF. Societe Generale lifted their target price on Kingfisher from GBX 222 ($2.90) to GBX 271 ($3.54) and gave the company a “hold” rating in a research note on Thursday, July 23rd. Jefferies Financial Group upped their target price on Kingfisher from GBX 240 ($3.14) to GBX 260 ($3.40) and gave the stock a “buy” rating in a report on Thursday, June 18th. Royal Bank of Canada boosted their price target on Kingfisher from GBX 275 ($3.59) to GBX 325 ($4.25) and gave the stock an “outperform” rating in a research report on Monday, July 27th. Goldman Sachs Group upped their target price on Kingfisher from GBX 270 ($3.53) to GBX 300 ($3.92) and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley increased their price objective on Kingfisher from GBX 290 ($3.79) to GBX 320 ($4.18) and gave the company an “overweight” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 246.60 ($3.22).
The stock has a fifty day simple moving average of GBX 267.01 and a two-hundred day simple moving average of GBX 196.92. The company has a market cap of $5.85 billion and a PE ratio of 683.75. The company has a current ratio of 1.13, a quick ratio of 0.15 and a debt-to-equity ratio of 45.90.
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.
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