Proactive Investors
27 May 2026, 12:44 UTC · 2h ago
Deutsche Bank sticks with ‘sell' on Kingfisher despite steady guidance
Source · https://www.proactiveinvestors.co.uk/companies/news/1092961
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Proactive Investors
27 May 2026, 12:44 UTC · 2h ago
Source · https://www.proactiveinvestors.co.uk/companies/news/1092961
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Story key points
4 claims · impact-rated
Deutsche Bank maintained a 'sell' rating and a 260p price target for Kingfisher PLC, which is significantly below its current market price of 297.2p. — A reiterated sell rating from a major institution with a price target implying a downside of roughly 12% creates bearish sentiment for the stock.
-0.60Kingfisher's UK like-for-like sales fell 0.9% in Q1, performing better than the consensus forecast of a 1.8% decline. — Beating expectations in the core UK market, driven by Screwfix growth, suggests higher resilience than investors had feared.
+0.30Kingfisher's operations in France and Poland underperformed expectations, with French like-for-like sales down 2.1%. — Underperformance in key European markets indicates regional demand weakness that could offset UK gains.
-0.30Kingfisher PLC maintained its full-year adjusted pre-tax profit guidance of £565 million to £625 million for the 2026 financial year. — Maintaining guidance suggests stability in the business model and profit outlook despite macroeconomic headwinds.
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Model heads
Deutsche Bank reiterated a 'sell' rating and the company saw underperformance in France and Poland.
Mentioned as the source of an analyst rating without a direct impact on its own business.
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