Espirito Santo Investment Bank Research Reiterates “Sell” Rating for Kingfisher (KGF)
Kingfisher (LON:KGF)‘s stock had its “sell” rating reiterated by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 310 ($5.11) price objective on the stock. Espirito Santo Investment Bank Research’s price objective would indicate a potential downside of 16.71% from the stock’s previous close.
Shares of Kingfisher (LON:KGF) traded down 0.40% on Monday, hitting GBX 372.20. The stock had a trading volume of 5,389,831 shares. Kingfisher has a 1-year low of GBX 266.90 and a 1-year high of GBX 421.60. The stock’s 50-day moving average is GBX 380.8 and its 200-day moving average is GBX 384.9. The company’s market cap is £8.776 billion.
A number of other firms have also recently commented on KGF. Analysts at BNP Paribas raised their price target on shares of Kingfisher from GBX 440 ($7.25) to GBX 500 ($8.24) in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Kingfisher in a research note to investors on Tuesday, January 14th. They now have a GBX 400 ($6.59) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Kingfisher in a research note to investors on Friday, January 10th. They now have a GBX 440 ($7.25) price target on the stock. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 392.87 ($6.47).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.