Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

279.10p
   
  • Change Today:
      7.10p
  • 52 Week High: 334.60p
  • 52 Week Low: 203.00p
  • Currency: UK Pounds
  • Shares Issued: 1,938.48m
  • Volume: 4,928,731
  • Market Cap: £5,410m
  • RiskGrade: 158

Kingfisher's earnings seen at risk, RBC downgrades

By Oliver Haill

Date: Monday 21 Jan 2019

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets downgraded Kingfisher on Monday as the B&Q owner faces and unsupportive domestic outlook and structural and execution issues in France.
RBC downgraded the shares to 'underperform' as the price target was cut to 200p from 240p as analysts think it will take time for price cuts and new ranges to resonate with customers.

The Castorama chain in France has suffered from four factors - that customer perception of the value for money offer, it has a "weak" digital offer, chief executive Veronique Laury's new unified offer across the UK and France offer has "not resonated with customers" and finally that it been "stuck in the middle between more experiential and more convenient offers" from rivals. Analysis by the data science team at RBC suggests a mixed picture demographically for Castorma compared to Leroy Merlin.

Across both France and Britain, the housing backdrop has become less supportive.

The UK, which represents around 50% of profits, B&Q's inability to make many gains from the travails of Homebase "suggests it has structural issues too".

With the share trading for around 11 times forecast earnings after the analysts reduced their forecasts by 4-6% due to the more cautious view on sales for Kingfisher's major businesses, this is in line with peers "but in our view has higher than average earnings risk, hence our relatively cautious stance".



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kingfisher Market Data

Currency UK Pounds
Share Price 279.10p
Change Today 7.10p
% Change 2.61 %
52 Week High 334.60p
52 Week Low 203.00p
Volume 4,928,731
Shares Issued 1,938.48m
Market Cap £5,410m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.52% above the market average17.52% above the market average17.52% above the market average17.52% above the market average17.52% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
31.72% above the market average31.72% above the market average31.72% above the market average31.72% above the market average31.72% above the market average
26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average
Income
68.09% above the market average68.09% above the market average68.09% above the market average68.09% above the market average68.09% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Growth
39.06% above the market average39.06% above the market average39.06% above the market average39.06% above the market average39.06% above the market average
4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 10
Sell 5
Strong Sell 2
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kingfisher Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Oct-22 19-May-22
Paid 11-Nov-22 27-Jun-22
Amount 3.80p 8.60p

Trades for 30-Jan-2023

Time Volume / Share Price
16:45 15,473 @ 279.30p
16:45 15,473 @ 279.30p
16:35 2,947,035 @ 279.10p
16:35 3,335 @ 279.10p
16:35 2,769 @ 279.10p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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