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: 933,505
  • Market Cap: £4,708.42m
  • RiskGrade: 158

Berenberg initiates coverage on 'home and living' retailers

By Iain Gilbert

Date: Monday 11 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on a number of UK-based retailers on Monday following two "boom years" for the "home and living" sector as a result of the Covid-19 pandemic.
Berenberg highlighted that home and living activity levels had recovered sharply since the first lockdown in March 2020, driven by increased time spent at home, a change in how homeowners think about their homes, and limited options for spending discretionary income elsewhere, as access to travel and leisure had been limited.

The German bank first turned to Dunelm, which it branded "the omnichannel winner", initiating coverage on the stock with a 'buy' rating and a 1,310.0p target price and noting it expects the firm to continue its market share consolidation, outperforming the market - with its "well-invested omnichannel proposition" providing a competitive advantage over its digital peers.

"Dunelm offers one of the strongest ROIC profiles in European retail and its cash-generative business should support additional capital returns. We believe that the recent downturn in the share price has provided an attractive entry point into a structural winner," said the analysts.

Berenberg also picked up coverage on "digital disruptor" Victorian Plumbing Group with a 'buy' rating and a 260.0p price target and "DIFM specialist" Wickes Group with a 'buy' rating and 280.0p target price.

Online home furnishing brand Made.com and DIY retailer Kingfisher were started at 'hold', with price targets of 165.0p and 370.0p, respectively.

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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 933,505
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
12:46 800 @ 241.40p
12:42 619 @ 241.40p
12:42 23 @ 241.40p
12:41 275 @ 241.40p
12:41 385 @ 241.40p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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