Kingfisher plc’s (KGF) Outperform Rating Reaffirmed at Credit Suisse Group AG
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday. They presently have a GBX 430 ($5.61) price objective on the home improvement retailer’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 14.15% from the stock’s current price.
KGF has been the subject of several other reports. Haitong Bank reaffirmed a “sell” rating and issued a GBX 290 ($3.79) target price on shares of Kingfisher plc in a research note on Wednesday, June 8th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 435 ($5.68) price target on shares of Kingfisher plc in a report on Wednesday, May 25th. Societe Generale upgraded shares of Kingfisher plc to a “hold” rating and decreased their price target for the company from GBX 359 ($4.69) to GBX 351 ($4.58) in a report on Friday, August 5th. BNP Paribas lowered shares of Kingfisher plc to a “neutral” rating and set a GBX 410 ($5.35) price target on the stock. in a report on Friday, September 9th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 340 ($4.44) price target on shares of Kingfisher plc in a report on Monday, September 12th. Ten 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 company currently has an average rating of “Hold” and a consensus target price of GBX 337.21 ($4.40).
Kingfisher plc (LON:KGF) traded down 1.86% during trading on Tuesday, reaching GBX 369.70. The company had a trading volume of 12,332,895 shares. The company’s market capitalization is GBX 8.46 billion. The stock has a 50 day moving average price of GBX 363.22 and a 200-day moving average price of GBX 355.65. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 387.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/kingfisher-plcs-kgf-outperform-rating-reaffirmed-at-credit-suisse-group-ag.html
In related news, insider Parekh,Rakhi purchased 6,124 shares of Kingfisher plc stock in a transaction dated Monday, June 27th. The stock was bought at an average cost of GBX 335 ($4.37) per share, with a total value of £20,515.40 ($26,779.01).
About Kingfisher plc
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.
Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with MarketBeat.com's FREE daily email newsletter.