Kingfisher plc Downgraded to Neutral at HSBC (KGF)
Kingfisher plc (LON:KGF) was downgraded by stock analysts at HSBC to a “neutral” rating in a report issued on Monday. They currently have a GBX 325 ($5.52) price objective on the stock. HSBC’s price objective indicates a potential upside of 9.87% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Kingfisher plc in a research note on Friday. They now have a GBX 510 ($8.66) price target on the stock. Separately, 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 ($5.52) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Kingfisher plc from GBX 460 ($7.81) to GBX 430 ($7.30) in a research note on Thursday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 403.72 ($6.86).
Kingfisher plc (LON:KGF) traded down 2.89% during mid-day trading on Monday, hitting GBX 295.80. 13,014,764 shares of the company’s stock traded hands. Kingfisher plc has a 52 week low of GBX 295.20 and a 52 week high of GBX 512.00. The stock has a 50-day moving average of GBX 352.2 and a 200-day moving average of GBX 389.5. The company’s market cap is £6.998 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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