Kingfisher plc (KGF) Receives Consensus Recommendation of “Hold” from Brokerages
Kingfisher plc (LON:KGF) has earned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 328.31 ($4.25).
Several analysts recently weighed in on the company. Investec reaffirmed a “sell” rating and issued a GBX 268 ($3.47) price objective on shares of Kingfisher plc in a research note on Wednesday, May 24th. Credit Suisse Group reduced their price objective on Kingfisher plc from GBX 430 ($5.57) to GBX 410 ($5.31) and set an “outperform” rating on the stock in a research note on Wednesday, May 24th. HSBC Holdings plc raised Kingfisher plc to a “buy” rating and raised their price objective for the company from GBX 380 ($4.92) to GBX 440 ($5.70) in a research note on Wednesday, May 17th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 288 ($3.73) price objective on shares of Kingfisher plc in a research note on Monday, May 15th. Finally, Haitong Bank reaffirmed a “sell” rating and issued a GBX 275 ($3.56) price objective on shares of Kingfisher plc in a research note on Wednesday, March 22nd.
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In related news, insider Karen Witts sold 36,780 shares of Kingfisher plc stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.94), for a total value of £111,811.20 ($144,833.16).
Shares of Kingfisher plc (KGF) traded down 1.47% on Tuesday, reaching GBX 302.00. 9,108,903 shares of the company traded hands. Kingfisher plc has a one year low of GBX 269.60 and a one year high of GBX 390.60. The company’s market capitalization is GBX 6.75 billion. The firm’s 50 day moving average is GBX 324.35 and its 200 day moving average is GBX 332.72.
About Kingfisher plc
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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