Kingfisher Given “Outperform” Rating at Credit Suisse (KGF)
Kingfisher (LON:KGF)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Monday, American Banking News.com reports. They currently have a GBX 440 ($7.02) target price on the stock. Credit Suisse’s price target points to a potential upside of 17.71% from the company’s current price.
KGF has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “reduce” rating on shares of Kingfisher in a research note to investors on Thursday. They now have a GBX 382 ($6.10) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Kingfisher from GBX 400 ($6.39) to GBX 440 ($7.02) in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 392.78 ($6.27).
Kingfisher (LON:KGF) traded up 0.97% during mid-day trading on Monday, hitting GBX 373.80. The stock had a trading volume of 3,078,969 shares. Kingfisher has a 1-year low of GBX 266.10 and a 1-year 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 £8.814 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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