Kingfisher: Jefferies remains a buyer
(CercleFinance.com) - Jefferies has confirmed its "buy" rating and target price of 400 pence for the Kingfisher stock, following the DIY group's release of its annual results.
The downturn in the share of the owner of the Castorama and Brico Dépôt opposes the encouraging progress made by the ONE plan and the stabilsation in France, the broker points out in a report.
Le groupe table sur une progression de la marge brute en 2018/2019, ce qui "suggère une confiance croissante vis-à-vis des gains" que le plan ONE devrait générer en termes d'approvisionnement, précise Jefferies.
The group expects its gross margin to grow in 2018/2019, which "suggests growing confidence in the balance of ONE sourcing gains" that the ONE plan should generate in terms of supply, Jefferies says.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The downturn in the share of the owner of the Castorama and Brico Dépôt opposes the encouraging progress made by the ONE plan and the stabilsation in France, the broker points out in a report.
Le groupe table sur une progression de la marge brute en 2018/2019, ce qui "suggère une confiance croissante vis-à-vis des gains" que le plan ONE devrait générer en termes d'approvisionnement, précise Jefferies.
The group expects its gross margin to grow in 2018/2019, which "suggests growing confidence in the balance of ONE sourcing gains" that the ONE plan should generate in terms of supply, Jefferies says.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.