Barclays PLC Reiterates Underweight Rating for Kingfisher plc (LON:KGF)
Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reissued by stock analysts at Barclays PLC in a research note issued on Friday. They presently have a GBX 300 ($3.91) target price on the home improvement retailer’s stock. Barclays PLC’s price objective would indicate a potential downside of 2.09% from the stock’s current price.
KGF has been the subject of a number of other research reports. Morgan Stanley upgraded Kingfisher plc to an “overweight” rating and lifted their price objective for the company from GBX 290 ($3.78) to GBX 380 ($4.95) in a research note on Wednesday, July 12th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 440 ($5.73) price objective on shares of Kingfisher plc in a research note on Friday, July 21st. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 288 ($3.75) price objective on shares of Kingfisher plc in a research note on Monday, May 8th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 350 ($4.56) price objective on shares of Kingfisher plc in a research note on Tuesday, June 20th. Finally, Investec reiterated a “sell” rating and set a GBX 268 ($3.49) price objective on shares of Kingfisher plc in a research note on Friday, May 12th. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 330.19 ($4.30).
Shares of Kingfisher plc (KGF) opened at 306.40 on Friday. The company has a 50-day moving average price of GBX 302.48 and a 200-day moving average price of GBX 323.84. Kingfisher plc has a 52-week low of GBX 269.60 and a 52-week high of GBX 390.60. The stock’s market capitalization is GBX 6.84 billion.
In related news, insider Karen Witts sold 36,780 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.96), for a total transaction of £111,811.20 ($145,606.46). In the last quarter, insiders have purchased 143 shares of company stock valued at $44,778.
Kingfisher plc Company Profile
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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