(News Bulletin 247) – UBS confirms its opinion before the results of the financial year 22/23. The analyst remains short on the title with a price target raised to 227 pence (against 203 pence).
‘We remain cautious about Kingfisher’s outlook as we approach FY22-23 results; our estimates remain broadly unchanged, but we view recent TPK results as a negative signal,” UBS said.
The group expects adjusted profit before tax of 730 to 760 million pounds at the end of its 2022/2023 financial year, against 730-770 million previously.
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