Kingfisher Rating Reiterated by Nomura (KGF)
Kingfisher (LON:KGF)‘s stock had its “neutral” rating reiterated by analysts at Nomura in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 380 ($5.94) target price on the stock. Nomura’s target price points to a potential downside of 6.98% from the stock’s previous close.
Shares of Kingfisher (LON:KGF) traded down 0.86% on Thursday, hitting GBX 405.00. 7,149,036 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 394. and a 200-day moving average of GBX 340.4. The company’s market cap is £9.523 billion.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Wednesday. They now have a GBX 400 ($6.25) price target on the stock.
Six research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Kingfisher currently has a consensus rating of “Hold” and a consensus price target of GBX 385.42 ($6.03).
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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