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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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