Sanford C. Bernstein Reiterates Outperform Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Friday. They currently have a GBX 400 ($6.71) price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 35.27% from the company’s current price.
A number of other firms have also recently commented on KGF. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Kingfisher plc in a research note on Tuesday. They now have a GBX 500 ($8.39) price target on the stock. Separately, 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. 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 research 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 395.94 ($6.64).
Shares of Kingfisher plc (LON:KGF) opened at 298.20 on Friday. 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 327.0 and its 200-day moving average is GBX 381.7. The company’s market cap is £7.055 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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