Kingfisher plc Earns “Buy” Rating from Deutsche Bank (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 430 ($7.14) target price on the stock. Deutsche Bank’s price target would suggest a potential upside of 40.20% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Kingfisher plc in a research note on Wednesday, August 27th. They now have a GBX 400 ($6.64) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Kingfisher plc in a research note on Tuesday, August 26th. They now have a GBX 385 ($6.39) price target on the stock. Finally, 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 ($4.65) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 384.72 ($6.38).
Kingfisher plc (LON:KGF) traded up 0.10% during mid-day trading on Wednesday, hitting GBX 307.00. The stock had a trading volume of 4,651,315 shares. 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 310.0 and its 200-day moving average is GBX 376.2. The company’s market cap is £7.263 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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