Kingfisher Given Outperform Rating at BNP Paribas (KGF)
Kingfisher (LON:KGF)‘s stock had its “outperform” rating reiterated by BNP Paribas in a research note issued on Wednesday, Stock Ratings News reports. They currently have a GBX 480 ($7.77) price objective on the stock. BNP Paribas’ price target would indicate a potential upside of 27.97% from the stock’s previous close.
Shares of Kingfisher (LON:KGF) opened at 380.00 on Wednesday. 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 £8.960 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue upgraded shares of Kingfisher to an “add” rating in a research note to investors on Friday, October 25th. They now have a GBX 401.20 ($6.49) price target on the stock, up previously from GBX 399 ($6.46). Separately, analysts at Galvan Research reiterated a “buy” rating on shares of Kingfisher in a research note to investors on Monday, October 21st. They now have a GBX 400 ($6.47) price target on the stock. Finally, analysts at Oriel Securities Ltd downgraded shares of Kingfisher to a “reduce” rating in a research note to investors on Monday, October 21st. They now have a GBX 350 ($5.66) price target on the stock. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 397.81 ($6.44).
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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