LONDON, June 1 (New Ratings) - Analyst Anne Critchlow of ING Financial Markets maintains her “hold” rating on Kingfisher (KFI1.ETR). The target price is set to 310.00p.
LONDON, May 28 (New Ratings) - Analysts Philip Mitchell of JP Morgan Securities maintains his "overweight" rating on Kingfisher (KFI1.ETR). The target price is set to 320p.
In a research note published this morning, the analysts mention that the company is expected to post like-for-like sales growth of 3.5% for the first quarter. The analysts expect a moderate increase in the company's UK sales on account of the contributions from new stores. JP Morgan Securities believes that Kingfisher's stock offers better growth prospects in the long term.
LONDON, May 11 (New Ratings) — Analyst Rod Whitehead of Deutsche Bank issues a "buy" rating on Kingfisher (KFI1.ETR). The target price is set to 330p.
In a research note published this morning, the analyst mentions that Kingfisher’s 1Q04 profits growth is likely to have been negatively impacted by adverse weather conditions. However, the company is progressing on track to post 12-15% annual EPS growth over the next four years, Deutsche Bank says. The EPS estimates for 2004 and 2005 have been reduced from 20.4p to 20.0p and from 23.6p to 23.2p, respectively.
Charts
Long Term Chart
Fundamental Data
Sector
GENERAL RETAILERS
Mkt.Sector
FS10
Mkt.Segment
SET1
Turnover
9,364
Profit
395
Norm EPS
11.70
PE Ratio
10.09
Market cap
2,786
NMS
-
News
02/12/08
13:11
UKREG
01/12/08
09:42
UKREG
28/11/08
05:16
TFNF
27/11/08
08:58
TFNF
27/11/08
07:01
UKREG
26/11/08
23:30
TFNF
Share price at year end 2003 was 278.50p
Support 273p now 305p
Resistence 299p then 312p then 317p then 320p
THINGS TO COME
January 2004 Home Depot rumour about buying Kingfisher makes share price rise substantially.
March 2004 Still nothing more on the Home Depot rumour but the Hornbach takeover might come to the fore.
April 2004 Rumours resurface, this time both Home Depot and Lowes seem interested in a Takeover. Once again restructuring and weak US$ make the takeover most unlikely.
June 2004 Share price hits 450p it is hoped (Reduced to 350p).
October 2004 Kingfisher increases shareholding in Hornbach with view of takeover.
December 2004 Rumours of Far Eastern Predator come to the fore.
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