Barclays Reiterates Equal Weight Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays in a report issued on Monday. They currently have a GBX 390 ($6.54) target price on the stock. Barclays’ price target indicates a potential upside of 30.70% from the company’s current price.
Kingfisher plc (LON:KGF) opened at 299.20 on Monday. Kingfisher plc has a 52 week low of GBX 295.03 and a 52 week high of GBX 512.00. The stock’s 50-day moving average is GBX 334.3 and its 200-day moving average is GBX 384.1. The company’s market cap is £7.079 billion.
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 Thursday. They now have a GBX 400 ($6.71) price target on the stock. Separately, 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 ($5.45) price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 395.94 ($6.64).
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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