Kingfisher plc (KGF) Given Neutral Rating at BNP Paribas
Kingfisher plc (LON:KGF)‘s stock had its ” neutral” rating restated by stock analysts at BNP Paribas in a research report issued to clients and investors on Monday.
Other equities analysts have also recently issued research reports about the company. Jefferies Group restated a “hold” rating and set a GBX 340 ($4.44) price objective on shares of Kingfisher plc in a report on Monday, September 12th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 390 ($5.09) price objective on shares of Kingfisher plc in a report on Tuesday, September 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 280 ($3.65) price objective on shares of Kingfisher plc in a report on Thursday, September 1st. Haitong Bank restated a “sell” rating and set a GBX 275 ($3.59) price objective on shares of Kingfisher plc in a report on Wednesday, August 31st. Finally, Barclays PLC restated an “underweight” rating and set a GBX 285 ($3.72) price objective on shares of Kingfisher plc in a report on Thursday, August 25th. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 337.74 ($4.41).
Shares of Kingfisher plc (LON:KGF) traded up 2.53% during trading on Monday, hitting GBX 376.70. The stock had a trading volume of 11,558,098 shares. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 382.70. The company’s market cap is GBX 8.62 billion. The stock has a 50-day moving average price of GBX 363.22 and a 200 day moving average price of GBX 355.65.
In other Kingfisher plc news, insider Parekh,Rakhi bought 6,124 shares of Kingfisher plc stock in a transaction that occurred on Monday, June 27th. The shares were bought at an average cost of GBX 335 ($4.37) per share, with a total value of £20,515.40 ($26,779.01).
About Kingfisher plc
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.
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