ANALYST VIEWS: HOW DO KINGFISHER’S RESULTS MEASURE UP?
PHILIP DORGAN | PANMURE GORDON
“These excellent results and forecast upgrades further differentiate its investment case from the rest of the land-locked, online-vulnerable, cash flow-challenged retail sector. Kingfisher shares have significant upside, driven by cash generation, earnings growth and expansion. We recommend a Buy.”
FREDDIE GEORGE | SEYMOUR PIERCE
“The stock is undervalued considering these results and the company’s international spread of activities. We raised our recommendation on the retailer to buy from hold and have increased our full-year earnings estimate.”
NICK BUBB | ARDEN PARTNERS
“Smashed expectations and in line for a full year profits upgrade. Things are coming together with common sourcing. It’s a fantastic, focused recovery. It has a strong balance sheet and is well placed. The performance in France has been strong despite the tough backdrop.”