Kingfisher plc Given Outperform Rating at BNP Paribas (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Tuesday. They currently have a GBX 500 ($8.39) price target on the stock. BNP Paribas’ target price suggests a potential upside of 67.22% from the stock’s previous close.
A number of other firms have also recently commented on KGF. Analysts at Barclays reiterated an “equal weight” rating on shares of Kingfisher plc in a research note on Monday. They now have a GBX 390 ($6.54) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Kingfisher plc in a research note on Thursday, August 7th. They now have a GBX 400 ($6.71) price target on the stock. Finally, 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 investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 395.94 ($6.64).
Kingfisher plc (LON:KGF) traded up 0.07% during mid-day trading on Tuesday, hitting GBX 299.20. 3,842,854 shares of the company’s stock traded hands. Kingfisher plc has a 1-year low of GBX 293.70 and a 1-year high of GBX 512.00. The stock’s 50-day moving average is GBX 330.6 and its 200-day moving average is GBX 382.8. The company’s market cap is £7.079 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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