Kingfisher plc’s Outperform Rating Reaffirmed at Sanford C. Bernstein (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating restated by Sanford C. Bernstein in a research note issued on Thursday. They currently have a GBX 400 ($6.73) price target on the stock. Sanford C. Bernstein’s target price points to a potential upside of 34.00% from the stock’s previous close.
Shares of Kingfisher plc (LON:KGF) traded up 0.03% during mid-day trading on Thursday, hitting GBX 298.60. The stock had a trading volume of 4,341,995 shares. Kingfisher plc has a 52 week low of GBX 295.03 and a 52 week high of GBX 512.00. The stock has a 50-day moving average of GBX 336.1 and a 200-day moving average of GBX 384.6. The company’s market cap is £7.065 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC downgraded shares of Kingfisher plc to a “neutral” rating in a research note on Monday, July 28th. They now have a GBX 325 ($5.47) 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, July 25th. They now have a GBX 325 ($5.47) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Kingfisher plc from GBX 460 ($7.74) to GBX 430 ($7.24) in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 397.61 ($6.69).
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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