- Kingfisher shares have surged during the pandemic, as a boom in lockdown DIY drives analyst upgrades
- While this momentum is unlikely to last, the shares remain decently valued
IC TIP:
Buy
at
287p
Tip style
Speculative
Risk rating
High
Timescale
Long Term
Bull points
New strategy focused on local demand
Regaining market share in France
Structural shift towards DIY
Strong balance sheet
Bear points
DIY sales momentum will eventually slow
Strategy will likely take several years to fully implement