Kingfisher Given Neutral Rating at Bank of America Corp. (KGF)
Kingfisher (LON:KGF)‘s stock had its “neutral” rating reaffirmed by Bank of America Corp. in a research note issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 450 ($7.21) price objective on the stock. Bank of America Corp.’s price objective points to a potential upside of 14.77% from the company’s current price.
A number of other firms have also recently commented on KGF. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Friday. They now have a GBX 480 ($7.69) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Thursday. They now have a GBX 500 ($8.01) price target on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Friday, September 13th. They now have a GBX 480 ($7.69) price target on the stock.
Six 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. The stock has an average rating of “Hold” and a consensus price target of GBX 389.42 ($6.24).
Kingfisher (LON:KGF) traded down 1.66% during mid-day trading on Monday, hitting GBX 392.10. 4,845,006 shares of the company’s stock traded hands. Kingfisher has a 52 week low of GBX 260.90 and a 52 week high of GBX 421.60. The stock’s 50-day moving average is GBX 396.1 and its 200-day moving average is GBX 345.6. The company’s market cap is £9.246 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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