Kingfisher Has Upside Potential say Equity Analysts

Kingfisher's competitive advantage over peers provides investors with greater downside protection in comparison to other brick and mortar retailers

Philip Gorham 24 July, 2015 | 12:01PM

Best Idea Kingfisher (KGF) reported a strong pre-second-quarter close trading update that demonstrates that our investment thesis is playing out. Like-for-like sales were positive across all geographies, and sales accelerated from a year ago in the firm's core markets.

A robust housing market in the U.K. is boosting in store sales

Although we may lower our fair value estimate modestly following the strengthening of the sterling against the euro in recent days, these results were very close to our forecasts and show that our investment thesis and like-for-like sales model are firmly intact.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Kingfisher PLC224.90 GBX-0.71

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Philip Gorham  

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