Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

241.40p
   
  • Change Today:
      2.10p
  • 52 Week High: 356.00
  • 52 Week Low: 203.00
  • Currency: UK Pounds
  • Shares Issued: 1,950.46m
  • Volume: 928,600
  • Market Cap: £4,708.42m
  • RiskGrade: 158

Citi upgrades B&Q owner Kingfisher to 'neutral'

By Michele Maatouk

Date: Thursday 15 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Citi upgraded its stance on shares of B&Q owner Kingfisher on Thursday to 'neutral' from 'sell' as it argued that ongoing DIY strength amid extended lockdowns provides good support to current expectations.
The bank said Kingfisher's management team has addressed several shortcomings to support performance in line with the market and the current DIY strength puts it in a sweet spot with limited need for promotional spend and disciplined competition.

Citi said there is limited downside risk to estimates for FY22 and a strong balance sheet more likely supports higher dividends or share buybacks once concerns around Covid restrictions ease. The bank estimates net cash at the end of FY22 at around £1bn pre IFRS 16 and net debt to EBITDA including IFRS 16 of 1x, "implying good scope for share buybacks and higher dividend payouts".

"Medium term we believe stiff competitive pressures in France still remain a concern and the headwind of a market normalisation in FY23e is not fully priced in," it added.

The bank has a 350p price target on the shares.

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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 241.40p
Change Today 2.10p
% Change 0.88 %
52 Week High 356.00
52 Week Low 203.00
Volume 928,600
Shares Issued 1,950.46m
Market Cap £4,708.42m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Price Trend
18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average
40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average
Income
73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Growth
42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 5
Strong Sell 2
Total 19
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 09-Dec-2022

Time Volume / Share Price
12:34 275 @ 241.40p
12:34 5,217 @ 241.40p
12:31 194 @ 241.40p
12:30 161 @ 241.40p
12:30 8 @ 241.40p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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