Credit Suisse Group AG Reaffirms “Outperform” Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group AG in a research note issued on Tuesday. They presently have a GBX 430 ($5.61) target price on the home improvement retailer’s stock. Credit Suisse Group AG’s price target indicates a potential upside of 14.15% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Haitong Bank reaffirmed a “sell” rating and set a GBX 275 ($3.59) target price on shares of Kingfisher plc in a report on Friday, August 19th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 400 ($5.22) target price on shares of Kingfisher plc in a report on Friday, August 26th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 390 ($5.09) target price on shares of Kingfisher plc in a report on Tuesday, September 6th. Barclays PLC decreased their target price on Kingfisher plc from GBX 300 ($3.92) to GBX 285 ($3.72) and set an “underweight” rating for the company in a report on Friday, July 22nd. Finally, HSBC reaffirmed a “hold” rating and set a GBX 355 ($4.63) target price on shares of Kingfisher plc in a report on Tuesday, May 24th. Ten investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 337.21 ($4.40).
Shares of Kingfisher plc (LON:KGF) traded down 1.83% during midday trading on Tuesday, reaching GBX 369.80. 12,241,163 shares of the company’s stock were exchanged. The stock’s market cap is GBX 8.47 billion. Kingfisher plc has a one year low of GBX 300.10 and a one year high of GBX 387.00. The company’s 50-day moving average is GBX 363.22 and its 200-day moving average is GBX 355.65.
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In other news, insider Parekh,Rakhi bought 6,124 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average price of GBX 335 ($4.37) per share, with a total value of £20,515.40 ($26,779.01).
Kingfisher plc Company Profile
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.
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