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Buy into the Kingfisher turnaround

A DIY craze has sent the retailer's shares upwards this year, but this is a long-term turnaround play
Buy into the Kingfisher turnaround
  • 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

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