Kingfisher’s peers recently surprised the market with remarkably strong trading updates that reflected improved sales driven by strong demand.
Although Kingfisher’s peers achieved higher sales largely as a result of better weather during the period, the sector has rallied on hopes of a turnaround after a very disappointing 2024.
Kingfisher shares are now trading near the best levels of the year ahead of the release of their Q1 trading update due 28 May.
However, HSBC analysts believe that Kingfisher could still have some legs in them with a number of factors favouring the DIY specialist in ...
