Kingfisher plc sells a wide range of home improvement consumer goods. The Company conducts retail operations through stores located throughout the world with over 950 stores in 8 countries in Europe and Asia. Among the largest its brand we may find B&Q, Castorama and Brico.

The share at current price is not expensive, indeed is trading 11.5 earnings per share estimates, against average sector of 17, according to Bloomberg data. Analysts continue to be confident despite global crisis; they keep constant their earnings per share estimates.

Technically the share has taken benefit from technical rebound on GBp 254 level. In the short-term the share is trading in bullish trend, with 20 day moving average in support and upward oriented. Currently the share is trading at key level, indeed is testing 20 and 100 day moving average. This could be a good point of entry, to play a new rebound. First target GBp 295, in order to fill bearish gap. This level could be crossed, opening new high scenario. We suggest a stop loss very close from current price at GBp 279.8