Kingfisher plc’s Outperform Rating Reiterated at Sanford C. Bernstein (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reiterated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. They currently have a GBX 400 ($6.62) target price on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 29.53% from the stock’s previous close.
Kingfisher plc (LON:KGF) traded down 1.23% during mid-day trading on Wednesday, hitting GBX 305.00. The stock had a trading volume of 5,211,572 shares. Kingfisher plc has a one year low of GBX 293.70 and a one year high of GBX 512.00. The stock has a 50-day moving average of GBX 315.2 and a 200-day moving average of GBX 378.5. The company’s market cap is £7.216 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Kingfisher plc in a research note on Tuesday. They now have a GBX 385 ($6.37) price target on the stock. Separately, 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. 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. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 384.72 ($6.37).
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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