Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

241.30p
   
  • Change Today:
      2.00p
  • 52 Week High: 356.00p
  • 52 Week Low: 203.00p
  • Currency: UK Pounds
  • Shares Issued: 1,950.46m
  • Volume: 1,005,648
  • Market Cap: £4,706.47m
  • RiskGrade: 158

Deutsche Bank upgrades Kingfisher to 'buy'

By Michele Maatouk

Date: Monday 04 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank upgraded B&Q owner Kingfisher on Monday to 'buy' from 'hold', highlighting - among other things - a cheap valuation.
The bank noted that home improvement grew during Covid and while this trend is moderating, there are some attractive longer-term drivers of category spend and Kingfisher is well placed to take advantage of this.

DB said the trade element is expected to see stronger growth than DIY over the next few years, and this accounts for around 50% of the business.

"With cash on the balance sheet supporting share buybacks why is the stock trading at circa 8.5 x FY23 e PE? The issue in our view is investor uncertainty over consumer spending and fear of a slowdown in housing transactions and big ticket spend," it said.

Deutsche said pre-tax profit is set to decline in FY23 but as we head through this year it expects investors to look forward to the earnings growth in FY24.

"We lower our forecasts slightly but upgrade our recommendation to buy given the cheap valuation, better earnings resilience that many expect and ongoing investments being made into the business for longer-term optionality."

DB cut its price target on the stock 335p from 355p.

At 1100 BST, Kingfisher shares were up 1.6% at 262.10p.

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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 241.30p
Change Today 2.00p
% Change 0.84 %
52 Week High 356.00p
52 Week Low 203.00p
Volume 1,005,648
Shares Issued 1,950.46m
Market Cap £4,706.47m
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
13:24 686 @ 241.30p
13:24 956 @ 241.30p
13:24 535 @ 241.20p
13:24 1,500 @ 241.20p
13:24 1,700 @ 241.20p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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