Kingfisher Price Target Increased to GBX 400 by Analysts at Deutsche Bank (KGF)
Deutsche Bank increased their price objective on shares of Kingfisher (LON:KGF) from GBX 360 ($5.63) to GBX 400 ($6.25) in a research note issued on Thursday, AR Network reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 2.08% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Thursday. They now have a GBX 380 ($5.94) price target on the stock. Separately, analysts at Bank of America Corp. raised their price target on shares of Kingfisher (LON:KGF) from GBX 400 ($6.25) to GBX 450 ($7.04) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Kingfisher (LON:KGF) from GBX 300 ($4.69) to GBX 400 ($6.25) in a research note to investors on Thursday. They now have a “hold” rating on the stock.
Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 385.42 ($6.03).
Kingfisher (LON:KGF) traded down 0.86% during mid-day trading on Thursday, hitting GBX 405.00. 7,149,036 shares of the company’s stock traded hands. The stock’s 50-day moving average is GBX 394. and its 200-day moving average is GBX 340.4. The company’s market cap is £9.523 billion.
Kingfisher plc is a home improvement retailer. The Company, through its subsidiaries, joint ventures and associates supply home improvement products and services through a network of retail stores and other channels, located in the United Kingdom, continental Europe and China.
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