Kingfisher plc (KGF) Rating Reiterated by Barclays PLC
Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating restated by stock analysts at Barclays PLC in a research note issued on Thursday. They presently have a GBX 290 ($3.75) price objective on the home improvement retailer’s stock. Barclays PLC’s price objective would indicate a potential downside of 1.73% from the stock’s previous close.
KGF has been the topic of a number of other research reports. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 440 ($5.69) price target on shares of Kingfisher plc in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 325 ($4.20) price target on shares of Kingfisher plc in a research report on Tuesday, May 9th. Morgan Stanley raised Kingfisher plc to an “overweight” rating and increased their price target for the company from GBX 290 ($3.75) to GBX 380 ($4.91) in a research report on Wednesday, July 12th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 288 ($3.72) price target on shares of Kingfisher plc in a research report on Thursday, June 8th. Finally, Investec reaffirmed a “sell” rating and issued a GBX 268 ($3.47) price target on shares of Kingfisher plc in a research report on Thursday, August 17th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Kingfisher plc presently has an average rating of “Hold” and a consensus target price of GBX 333.20 ($4.31).
Shares of Kingfisher plc (KGF) opened at 295.10 on Thursday. The company’s market capitalization is GBX 6.59 billion. The company has a 50-day moving average price of GBX 300.17 and a 200-day moving average price of GBX 319.95. Kingfisher plc has a 12 month low of GBX 269.60 and a 12 month high of GBX 390.60.
In other Kingfisher plc news, insider Karen Witts sold 36,780 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.93), for a total transaction of £111,811.20 ($144,608.38). Insiders have purchased a total of 149 shares of company stock worth $44,894 in the last 90 days.
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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