Kingfisher plc’s “Outperform” Rating Reaffirmed at Sanford C. Bernstein (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating restated by stock analysts at Sanford C. Bernstein in a report issued on Friday. They currently have a GBX 510 ($8.71) target price on the stock. Sanford C. Bernstein’s target price indicates a potential upside of 67.43% from the stock’s previous close.
KGF has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kingfisher plc in a research note on Friday. They now have a GBX 325 ($5.55) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Kingfisher plc from GBX 460 ($7.86) to GBX 430 ($7.35) in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald Europe cut their price target on shares of Kingfisher plc from GBX 400 ($6.84) to GBX 350 ($5.98) in a research note on Thursday. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Kingfisher plc has an average rating of “Hold” and an average target price of GBX 409.83 ($7.00).
Shares of Kingfisher plc (LON:KGF) opened at 304.60 on Friday. Kingfisher plc has a one year low of GBX 304.60 and a one year high of GBX 512.00. The stock’s 50-day moving average is GBX 355.4 and its 200-day moving average is GBX 390.1. The company’s market cap is £7.207 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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