Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

245.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 262.60p
  • 52 Week Low: 201.20p
  • Currency: UK Pounds
  • Shares Issued: 1,874.60m
  • Volume: 52,796
  • Market Cap: £4,602.13m
  • RiskGrade: 158

Deutsche Bank slightly lowers target price on Kingfisher

By Iain Gilbert

Date: Friday 02 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank slightly lowered their target price on home improvement retailer Kingfisher from 280.0p to 275.0p on Friday, stating the stock was "swimming against the tide".
Deutsche Bank said sales trends had held up better than expected for Kingfisher, both in the UK and France - especially given the reversal of Covid trends.

However, DB also said the pressure on disposable income from inflation and the slowdown in housing transactions was still likely to weigh on the sales outlook for the fourth quarter of 2022 and into 2024.

"The consensus view is that Kingfisher profitability will not be able to stand up against this tide but we believe that the current valuation already reflects the risk of a sales slowdown and management is focussing on cost control whilst investing for future growth," said DB.

The German bank also noted that the 2024 trading year will not be "a strong year" for UK retailers, but said its view was that home improvement will prove to be "more resilient" than investors expect.

"Kingfisher has the benefit of geographic diversity and a strong balance sheet," added DB, which reiterated its 'buy' rating on the stock.





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 245.50p
Change Today -0.50p
% Change -0.20 %
52 Week High 262.60p
52 Week Low 201.20p
Volume 52,796
Shares Issued 1,874.60m
Market Cap £4,602.13m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average
Price Trend
24.80% above the market average24.80% above the market average24.80% above the market average24.80% above the market average24.80% above the market average
31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average
Income
72.47% above the market average72.47% above the market average72.47% above the market average72.47% above the market average72.47% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Growth
93.76% below the market average93.76% below the market average93.76% below the market average93.76% below the market average93.76% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 7
Sell 5
Strong Sell 1
Total 16
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
  Final Interim
Ex-Div 16-May-24 12-Oct-23
Paid 25-Jun-24 17-Nov-23
Amount 8.60p 3.80p

Trades for 28-Mar-2024

Time Volume / Share Price
08:15 118 @ 245.50p
08:15 118 @ 245.50p
08:15 478 @ 245.40p
08:15 716 @ 245.50p
08:15 165 @ 245.50p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

Top of Page