Kingfisher (KGF) Trading Up 0% After Analyst Upgrade
Kingfisher plc (LON:KGF)’s share price was up 0% during mid-day trading on Thursday after Goldman Sachs Group raised their price target on the stock from GBX 375 to GBX 420. Goldman Sachs Group currently has a buy rating on the stock. Kingfisher traded as high as GBX 353.90 ($4.97) and last traded at GBX 353 ($4.96). Approximately 10,400,119 shares traded hands during mid-day trading, an increase of 82% from the average daily volume of 5,730,000 shares. The stock had previously closed at GBX 353 ($4.96).
KGF has been the subject of several other reports. Jefferies Group reaffirmed a “hold” rating and issued a GBX 310 ($4.35) target price on shares of Kingfisher in a report on Thursday, November 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 288 ($4.04) target price on shares of Kingfisher in a report on Friday, October 6th. Barclays reaffirmed an “underweight” rating on shares of Kingfisher in a report on Monday, November 6th. Royal Bank of Canada raised Kingfisher to a “sector performer” rating and upped their target price for the company from GBX 300 ($4.21) to GBX 325 ($4.56) in a report on Friday, November 17th. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 325 ($4.56) price objective on shares of Kingfisher in a report on Wednesday, November 22nd. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 335.79 ($4.72).
The company has a market cap of $7,630.00 and a PE ratio of 1,357.69.
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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