Oriel Securities Ltd Reaffirms “Sell” Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “sell” rating reiterated by equities research analysts at Oriel Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 280 ($4.68) target price on the stock. Oriel Securities Ltd’s price target would suggest a potential downside of 9.85% from the stock’s previous close.
A number of other analysts have also recently weighed in on KGF. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Kingfisher plc in a research note on Friday, August 15th. They now have a GBX 400 ($6.69) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Kingfisher plc in a research note on Tuesday, August 12th. They now have a GBX 500 ($8.36) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Kingfisher plc in a research note on Monday, August 11th. They now have a GBX 390 ($6.52) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Kingfisher plc has a consensus rating of “Hold” and an average price target of GBX 388.33 ($6.49).
Shares of Kingfisher plc (LON:KGF) opened at 313.10 on Wednesday. Kingfisher plc has a 1-year low of GBX 293.70 and a 1-year high of GBX 512.00. The stock has a 50-day moving average of GBX 322.4 and a 200-day moving average of GBX 380.4. The company’s market cap is £7.408 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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