Kingfisher plc Receives Consensus Rating of “Hold” from Brokerages (LON:KGF)
Kingfisher plc (LON:KGF) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the company, American Banking and Market News reports. Three 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. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 388.33 ($6.43).
Kingfisher plc (LON:KGF) opened at 304.60 on Thursday. Kingfisher plc has a 52-week low of GBX 293.70 and a 52-week high of GBX 512.00. The stock’s 50-day moving average is GBX 318.1 and its 200-day moving average is GBX 379.0. The company’s market cap is £7.207 billion.
A number of research firms have recently commented on KGF. Analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Kingfisher plc in a research note on Wednesday, August 20th. They now have a GBX 280 ($4.63) 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 Friday, August 15th. They now have a GBX 400 ($6.62) price target on the stock. Finally, 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 ($8.27) price target on the stock.
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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