Kingfisher Receives Reduce Rating from AlphaValue (KGF)
Kingfisher (LON:KGF)‘s stock had its “reduce” rating restated by AlphaValue in a research note issued on Thursday, American Banking News reports. They currently have a GBX 382 ($6.13) target price on the stock. AlphaValue’s price target indicates a potential upside of 4.71% from the company’s current price.
Shares of Kingfisher (LON:KGF) traded up 1.56% during mid-day trading on Thursday, hitting GBX 370.50. 4,191,156 shares of the company’s stock traded hands. Kingfisher has a 1-year low of GBX 266.00 and a 1-year 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 £8.736 billion.
KGF has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Kingfisher from GBX 400 ($6.42) to GBX 440 ($7.06) in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Kingfisher in a research note to investors on Monday, September 23rd. They now have a GBX 465 ($7.46) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Kingfisher in a research note to investors on Monday, September 23rd. They now have a GBX 450 ($7.22) 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 issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 390.42 ($6.26).
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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