Kingfisher PLC Add to portfolio

ValuEngine downgraded shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a hold rating to a sell rating in a research report released on Monday, December 16th, ValuEngine reports. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. KINGFISHER PLC/SH has a consensus rating of Sell and a consensus price target of $7.00. The company has a market cap of $6.11 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.36.

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BNP Paribas upgraded shares of Kingfisher (LON:KGF) to an outperform rating in a report released on Tuesday morning, Stock Target Advisor reports. Credit Suisse Group reiterated a neutral rating and set a GBX 220 ($2.89) price objective on shares of Kingfisher in a research report on Monday, September 2nd. Societe Generale cut their price objective on shares of Kingfisher from GBX 184 ($2.42) to GBX 170 ($2.24) and set a sell rating on the stock in a research report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Kingfisher has an average rating of Hold and a consensus target price of GBX 204.38 ($2.69).

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Zacks Investment Research upgraded shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports. According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. The company has a market cap of $5.59 billion, a PE ratio of 8.28, a P/E/G ratio of 1.55 and a beta of 1.34.

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The new craft style beer by the Bengaluru-headquartered brewer is a locally made Belgian wheat beer with orange and coriander flavours and hops from USA. Bengaluru: United Breweries (UB) has forayed into the niche and fast growing craft beer segment with the launch of Kingfisher Ultra Witbier today. In November, Anheuser-Busch InBev (AB InBev) set up an Indian unit, 7 Rivers Brewing Co., to introduce two wheat beer variants – Machaa and Veere. UB and AB InBev, which together control three-fourths of India’s beer market, also sell Edelweiss and Hoegaarden wheat beer, respectively, which are imported and carry price tags that are more than double that of their rivals.

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Kingfisher (LON:KGF) had its price objective cut by stock analysts at Societe Generale from GBX 184 ($2.40) to GBX 170 ($2.22) in a research report issued on Thursday, November 21st, Stock Target Advisor reports. The brokerage currently has a “sell” rating on the home improvement retailer’s stock. Societe Generale’s price target suggests a potential downside of 19.85% from the company’s previous close. The company presently has an average rating of “Hold” and a consensus price target of GBX 204.38 ($2.67). Kingfisher has a fifty-two week low of GBX 185.90 ($2.43) and a fifty-two week high of GBX 268.20 ($3.50).

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Finally, Goldman Sachs Group cut their target price on Kingfisher from GBX 212 ($2.77) to GBX 200 ($2.61) and set a neutral rating on the stock in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Kingfisher has a 1 year low of GBX 185.90 ($2.43) and a 1 year high of GBX 268.20 ($3.50). The shares were purchased at an average cost of GBX 208 ($2.72) per share, with a total value of £104,000 ($135,894.42).

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(Reuters) - UK stocks fell on Wednesday after three sessions of gains as flaring tensions between China and the United States cast doubt over prospects of a trade deal and retailer Kingfisher (LON:KGF) slumped 7% following disappointing quarterly sales. The FTSE 100 (FTSE) lost 0.8% on its worst day in almost three weeks, as trade concerns weighed on Asia-exposed financial stocks like HSBC (L:HSBA), while oil majors Shell (L:RDSa) and BP (L:BP) and industrial stocks also slipped. Losses on the more domestically-focussed FTSE 250 (FTMC) were slightly more contained, as the index gave up 0.3%. However, earnings-driven gains helped pub operator Mitchells & Butlers (L:MAB), software company Micro Focus (L:MCRO) and thermal processing service provider Bodycote (L:BOY) rise between 4%-5% and outperform the mid-cap index. Worries over U.S.-China trade escalated as President Donald Trump threatened to raise tariffs on imports if no deal was reached, while nerves were jangled further after the U.S. Senate passed legislation backing protesters in Hong Kong, which drew condemnation from Beijing.

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U.S. UPDATE 1-FTSE slips 1% on bleak trade view; Kingfisher falls. Nov 20 (Reuters) - UK stocks fell on Wednesday after three sessions of gains, as Sino-U.S. trade tensions flared up and retailer Kingfisher slumped 7% following disappointing quarterly sales. Worries over U.S.-China trade escalated as President Donald Trump threatened to raise tariffs on imports if no deal was reached, while nerves were jangled further after the U.S. Senate passed legislation backing protesters in Hong Kong, which drew condemnation from Beijing. "Given that the U.S. Senate has just passed legislation in support of the Hong Kong protests, such a move threatens to drive a wedge into ongoing negotiations while potentially raising the barrier to a trade deal," Han Tan, market analyst at FXTM said.

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B&Q owner Kingfisher has seen shares come under pressure after its new boss revealed “disappointing” recent trading with another slide in sales at the DIY group. The group revealed B&Q’s UK and Ireland like-for-like sales declines accelerated to 3.4% in the quarter to October 31. But this was offset once more by growth of 3.7% at its Screwfix arm, albeit marking a slowdown on the chain’s first-half performance. Mr Garnier, who took over eight weeks ago from former chief executive Veronique Laury, said Kingfisher continues to suffer from a lengthy overhaul programme and tough market conditions. The group also cautioned trading would remain tough for the final quarter across all its operations, with the UK continuing to be impacted by disruption to sales from range changes as well as a tough market backdrop.

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LONDON (Reuters) - The new boss of Kingfisher (KGF.L) criticised the British home improvement group's "organisational complexity" as it reported a worsening decline in quarterly sales, underlining the uphill task he faces to stem falling profits. Kingfisher shares slumped as much as 9.3% after its trading update and as Carrefour veteran Thierry Garnier, who succeeded Véronique Laury as chief executive in September, outlined major problems that need to be addressed. The group, whose main businesses are B&Q and Screwfix in Britain and Castorama and Brico Depot in France, said like-for-like sales fell 3.7% in its third quarter to Oct. 31. Garnier said he would update on strategy when Kingfisher publishes full year results in March. But he gave his initial view after spending his first eight weeks talking to staff, visiting stores and meeting customers and suppliers.

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