UBS Group Lowers Kingfisher (KGF) Price Target to GBX 260
Kingfisher (LON:KGF) had its target price reduced by UBS Group from GBX 265 ($3.38) to GBX 260 ($3.32) in a research report released on Friday morning, www.digitallook.com reports. They currently have a sell rating on the home improvement retailer’s stock.
KGF has been the subject of several other reports. HSBC restated a buy rating on shares of Kingfisher in a research report on Monday, July 9th. JPMorgan Chase & Co. lifted their price objective on Kingfisher from GBX 275 ($3.51) to GBX 302 ($3.85) and gave the stock an underweight rating in a research report on Monday, April 30th. Deutsche Bank cut their price objective on Kingfisher from GBX 315 ($4.02) to GBX 305 ($3.89) and set a hold rating for the company in a research report on Friday. Credit Suisse Group restated an outperform rating and set a GBX 385 ($4.91) price objective on shares of Kingfisher in a research report on Friday, May 18th. Finally, Citigroup upgraded Kingfisher to a neutral rating in a research report on Wednesday, July 25th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 333.58 ($4.26).
Shares of Kingfisher stock opened at GBX 273.30 ($3.49) on Friday. Kingfisher has a 1 year low of GBX 285.30 ($3.64) and a 1 year high of GBX 369.80 ($4.72).
Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.
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