Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

248.60p
   
  • Change Today:
    -7.20p
  • 52 Week High: 270.40p
  • 52 Week Low: 201.20p
  • Currency: UK Pounds
  • Shares Issued: 1,855.34m
  • Volume: 4,359,638
  • Market Cap: £4,612.38m
  • 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

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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 248.60p
Change Today -7.20p
% Change -2.81 %
52 Week High 270.40p
52 Week Low 201.20p
Volume 4,359,638
Shares Issued 1,855.34m
Market Cap £4,612.38m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.45% above the market average81.45% above the market average81.45% above the market average81.45% above the market average81.45% above the market average
64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average
Price Trend
36.82% above the market average36.82% above the market average36.82% above the market average36.82% above the market average36.82% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income
50.57% above the market average50.57% above the market average50.57% above the market average50.57% above the market average50.57% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
94.29% below the market average94.29% below the market average94.29% below the market average94.29% below the market average94.29% below the market average
85% below the sector average85% below the sector average85% below the sector average85% below the sector average85% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 6
Sell 3
Strong Sell 1
Total 14
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 14-Jun-2024

Time Volume / Share Price
16:35 17,942 @ 248.60p
16:35 1,647 @ 248.60p
16:35 3,037 @ 248.60p
16:35 2,630,648 @ 248.60p
16:35 3,125 @ 248.60p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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