Kingfisher share price: what’s the latest ahead of its Q3 results?

The B&Q and Screwfix owner unveils its Q3 earnings next week, but with it focused on its turnaround strategy after several challenging quarters, its shares are unlikely to see significant gains in the near-term.

Kingfisher releases its third quarter earnings next week, with investors interested to see if the group’s new CEO Thierry Garnier will continue with the transformation plan his predecessor started or take the company in a new direction.

The ONE Kingfisher turnaround strategy implemented by former CEO Véronique Laury aims unify the company’s product ranges, drive the digital transformation of the group and improve operational efficiency.

Kingfisher’s chairman Andy Cosslett told reporters earlier this year that there would be ‘no handcuffs’ on Garnier’s arrival to the company. But with the retailer recording a 6.4% decline in half-year profit, the new CEO certainly has a tough road ahead.

Looking to trade Kingfisher and other UK stocks? Open a live or demo account with IG.

Jefferies offers upbeat price target for Kingfisher

Analysts at Jefferies reiterated their buy rating for the stock in November and issued a new price target of 310p a share.

Based on Kingfisher’s share price closing at 213p on Wednesday, Jefferies guidance suggests that the stock has a potential upside of 45.5%.

You can go long or short Kingfisher with IG using derivatives like CFDs.

Kingfisher bosses buy up shares

Kingfisher’s newly appointed CEO and CFO Bernard Bot expressed their commitment to the company, buying £232,000 worth of shares in the retailer on Wednesday.

The pair have have an uphil battle ahead of them to improve the company’s performance, with like-for-like sales at its flagship DIY retailers B&Q and Castorama declining by 3.2% and 4.4% respectively.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.