Kingfisher Rating Reiterated by HSBC (KGF)
Kingfisher (LON:KGF)‘s stock had its “overweight” rating restated by investment analysts at HSBC in a note issued to investors on Friday, American Banking & Market News reports. They currently have a GBX 480 ($7.50) price target on the stock. HSBC’s price target would indicate a potential upside of 18.52% from the company’s current price.
KGF has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Thursday. They now have a GBX 425 ($6.64) price target on the stock. Separately, analysts at Seymour Pierce 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 Societe Generale raised their price target on shares of Kingfisher (LON:KGF) from GBX 392 ($6.13) to GBX 414 ($6.47) in a research note to investors on Thursday. They now have a “hold” rating on the stock.
Six analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 386.62 ($6.04).
Kingfisher (LON:KGF) opened at 401.60 on Friday. Kingfisher has a one year low of GBX 260.90 and a one year high of GBX 421.60. The stock has a 50-day moving average of GBX 394.6 and a 200-day moving average of GBX 340.9. The company’s market cap is £9.443 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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