Kingfisher Downgraded to reduce at Oriel Securities Ltd (KGF)
Kingfisher (LON:KGF) was downgraded by Oriel Securities Ltd to a “reduce” rating in a research note issued on Monday, AmericanBankingNews.com reports. They currently have a GBX 350 ($5.66) target price on the stock. Oriel Securities Ltd’s price target would indicate a potential downside of 9.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Kingfisher in a research note to investors on Friday. They now have a GBX 380 ($6.14) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Kingfisher in a research note to investors on Friday. They now have a GBX 500 ($8.09) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Kingfisher in a research note to investors on Monday, October 14th. They now have a GBX 440 ($7.12) price target on the stock. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 396.91 ($6.42).
Kingfisher (LON:KGF) opened at 381.70 on Monday. Kingfisher has a 52 week low of GBX 266.90 and a 52 week high of GBX 421.60. The stock’s 50-day moving average is GBX 389.5 and its 200-day moving average is GBX 358.3. The company’s market cap is £9.000 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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