Kingfisher, GB0033195214

Deutsche Bank raised target for Kingfisher stock to GBp 330

Published on 10/13/2026 at 03:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank set a GBp 330 target for Kingfisher stock on October 2, 2026. Adjusted PBT reached GBP 404 million in first half of 2026/27.

Key points in brief

Deutsche Bank raised its Kingfisher target to GBp 330 from GBp 300 on October 2, 2026.
Kingfisher reported adjusted pre-tax profit of GBP 404 million for the first half of 2026/27, up 9.90 percent.
The last Xetra close was EUR 3.82 on October 12, 2026, while the next trading update is scheduled for November 24, 2026.

Editorialfoto eines Handelsraums mit Kursdiagrammen und Anzeige FTSE 100 London — Kingfisher plc GB0033195214 illustriert als Börsen-Editorial mit Handelsraum, Charts und Anzeige FTSE 100 London, Illustration mit AI erstellt.

Deutsche Bank raised its target for Kingfisher stock to GBp 330 from GBp 300 on October 2, 2026, while upgrading the retailer to Hold from Sell, according to MarketBeat. The call followed Kingfisher's stronger first-half performance and gives the stock a clearly defined analyst reference point.

Three dates shaped the stock

On September 22, 2026, Kingfisher reported half-year results for the six months ended July 31, 2026. Adjusted pre-tax profit rose 9.90 percent to GBP 404 million, while statutory pre-tax profit increased 18.40 percent to GBP 400 million, according to Kingfisher.

On October 2, 2026, Deutsche Bank moved its rating to Hold and lifted the target to GBp 330 from GBp 300, as recorded by MarketBeat. On October 8, 2026, the shares went ex-dividend for the declared 3.80p interim payout, with payment set for November 13, 2026, per Kingfisher's half-year release.

What drives the upgraded outlook

Kingfisher raised its adjusted pre-tax profit guidance for fiscal 2026/27 to GBP 595 million-GBP 635 million from GBP 565 million-GBP 625 million. The midpoint therefore increased from GBP 595 million to GBP 615 million, a GBP 20 million uplift supported by higher margins and cost discipline.

The underlying figures are mixed rather than uniformly strong. Total sales for the first half reached GBP 6.864 billion, up 0.80 percent on a reported basis, while like-for-like sales increased 0.10 percent. Gross margin expanded to 38.40 percent from 37.70 percent, and adjusted earnings per share rose 16.10 percent to 17.80p.

Digital and trade operations supplied the sharper growth. Marketplace gross merchandise value rose 42.00 percent to GBP 372 million, with marketplace profit contribution increasing to GBP 13.40 million from GBP 7 million. Screwfix like-for-like sales increased 5.60 percent in the first half, helping offset weaker activity at parts of the French business.

Next dates for Kingfisher

Kingfisher's next scheduled event is the third-quarter trading update on November 24, 2026, followed by full-year results on March 23, 2027, according to the company's half-year results release. The dates are provisional, so the November update will be the next test of whether the improved profit trend is holding.

Stock stays below its yearly high

The last Xetra close for Kingfisher was EUR 3.82 on October 12, 2026. The stock's primary listing is on the London Stock Exchange, where the 52-week range was GBp 266.40 to GBp 372.30 and market capitalization stood at GBP 5.2 billion as of October 12, 2026.

The further course of trading is shown by the continuously updated real-time quote of Kingfisher stock.