Kingfisher PT Raised to GBX 440 at Jefferies Group (KGF)
Analysts at Jefferies Group raised their price target on shares of Kingfisher (LON:KGF) from GBX 400 ($6.45) to GBX 440 ($7.10) in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target indicates a potential upside of 14.02% from the company’s current price.
Kingfisher (LON:KGF) traded up 0.93% during mid-day trading on Tuesday, hitting GBX 389.50. The stock had a trading volume of 6,296,379 shares. Kingfisher has a 52-week low of GBX 260.90 and a 52-week high of GBX 421.60. The stock has a 50-day moving average of GBX 396.1 and a 200-day moving average of GBX 345.6. The company’s market cap is £9.184 billion.
A number of other analysts have also recently weighed in on KGF. Analysts at AlphaValue reiterated a “reduce” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Thursday, September 26th. They now have a GBX 391 ($6.31) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Monday, September 23rd. They now have a GBX 465 ($7.50) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Monday, September 23rd. They now have a GBX 450 ($7.26) price target on the stock. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 390.78 ($6.30).
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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