Kingfisher plc Price Target Cut to GBX 350 by Analysts at Cantor Fitzgerald Europe (KGF)
Research analysts at Cantor Fitzgerald Europe cut their price target on shares of Kingfisher plc (LON:KGF) from GBX 400 ($6.84) to GBX 350 ($5.98) in a report released on Thursday. The firm currently has a “hold” rating on the stock. Cantor Fitzgerald Europe‘s target price indicates a potential upside of 13.45% from the stock’s previous close.
A number of other firms have also recently commented on KGF. Analysts at Societe Generale reiterated a “hold” rating on shares of Kingfisher plc in a research note on Monday. They now have a GBX 353 ($6.03) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Kingfisher plc from GBX 480 ($8.20) to GBX 450 ($7.69) in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Kingfisher plc in a research note on Monday, July 14th. They now have a GBX 435 ($7.43) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 418.61 ($7.15).
Shares of Kingfisher plc (LON:KGF) traded down 8.18% during mid-day trading on Thursday, hitting GBX 308.50. 31,116,644 shares of the company’s stock traded hands. Kingfisher plc has a 1-year low of GBX 305.50 and a 1-year high of GBX 512.00. The stock has a 50-day moving average of GBX 357.6 and a 200-day moving average of GBX 390.7. The company’s market cap is £7.299 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.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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