Kingfisher, GB0033195214

Investec cuts Kingfisher to Hold and raises target for Kingfisher stock to GBp 355

Published on 10/05/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kingfisher stock costs EUR 3.87 on October 5, 2026 after EUR 3.90. Adjusted profit rose 9.90 percent to GBP 404 million in fiscal 2026/27.

Fotorealistische Innenansicht eines Baumarkt-Lagers mit Regalen voller Farben und Werkzeug — Kingfisher plc GB0033195214 zeigt fotorealistische Baumarkt-Regale mit Farben, Werkzeug und Holzbrettern im Lager, Illustration mit AI erstellt.

Kingfisher (ISIN GB0033195214) was trading at EUR 3.87 at Lang & Schwarz on October 5, 2026 at 2:03 p.m. CEST, down 0.77 percent versus the prior close of EUR 3.90. The key recent analyst signal came on September 24, 2026, when Investec cut Kingfisher to Hold from Buy but raised its price target from GBp 340 to GBp 355, according to MarketScreener.

Profit growth supports higher guidance

Kingfisher's half-year results for the six months ended July 31, 2026 showed adjusted pre-tax profit of GBP 404 million, up 9.90 percent from GBP 368 million a year earlier. The company also reported statutory pre-tax profit of GBP 400 million, an 18.40 percent increase from GBP 338 million in the comparable period, according to Kingfisher.

Sales rose 0.80 percent to GBP 6.864 billion, while gross margin expanded by 70 basis points to 38.40 percent. Adjusted earnings per share increased 16.10 percent to GBp 17.80, and free cash flow reached GBP 339 million for the half year.

Guidance rises as risks remain mixed

Kingfisher raised fiscal 2026/27 adjusted pre-tax profit guidance to GBP 595 million-GBP 635 million from GBP 565 million-GBP 625 million. Free cash flow guidance also increased to GBP 480 million-GBP 520 million from GBP 450 million-GBP 510 million, while the company retained its interim dividend at GBp 3.80 per share.

The figures show a clear split in the operating picture. Screwfix delivered like-for-like sales growth of 5.60 percent in the half year, while the group total was 0.10 percent. Marketplace gross merchandise value increased 42.00 percent to GBP 372 million, adding a digital growth engine as some traditional categories remained softer.

Analyst target rises despite Hold

Investec's decision combines a higher valuation target with a more cautious rating. The new GBp 355 target is GBp 15.00 above the previous GBp 340 target, while the Hold view signals that the stronger first-half profit trend must still translate into the upgraded full-year range.

On the London Stock Exchange, KGF.L was last quoted at GBp 325.70 on October 5, 2026 at 1:02 p.m. BST. That is separate from the euro quotation used for German-market investors and was an intraday value rather than a closing price.

Next trading update is dated

Kingfisher's financial calendar lists its next third-quarter trading update for November 24, 2026, with full-year results scheduled for March 23, 2027, according to Kingfisher. The November update will test whether Screwfix, marketplace growth and margin gains are carrying through the second half.

Kingfisher stock stays closely watched

Kingfisher stock was trading at EUR 3.87 at Lang & Schwarz on October 5, 2026 at 2:03 p.m. CEST, down 0.77 percent versus the prior close of EUR 3.90. The further course of trading is shown by the continuously updated real-time quote of Kingfisher stock.