Barclays Upgrades Kingfisher to Equal Weight

Barclays raised Kingfisher Plc to “equal weight” from “underweight”, cutting its price target to 300p (down from 330p).
Marketplace GMV jumped 58% to £518 million in FY25/26, while trade sales hit £3.9 billion, 30% of group revenue.
Barclays trimmed FY26/27 pre‑tax profit forecast to £580 million (lower end of guidance) and cut EPS estimates 4‑6%.
Forecasts show FY28/29 EPS 32p near LTI threshold; FY26‑27 like‑for‑like sales expected to fall 1%, B&Q down 3%.