Kingfisher plc (KGF) Rating Reiterated by HSBC Holdings plc
Kingfisher plc (LON:KGF)‘s stock had its “buy” rating reaffirmed by investment analysts at HSBC Holdings plc in a report released on Friday. They currently have a GBX 440 ($5.75) price target on the home improvement retailer’s stock. HSBC Holdings plc’s target price would suggest a potential upside of 44.64% from the company’s current price.
KGF has been the subject of a number of other research reports. Barclays PLC reissued an “underweight” rating on shares of Kingfisher plc in a report on Monday, June 26th. Numis Securities Ltd raised Kingfisher plc to a “hold” rating and set a GBX 325 ($4.24) price objective for the company in a report on Thursday, March 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 430 ($5.62) price objective on shares of Kingfisher plc in a report on Monday, March 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 325 ($4.24) price objective on shares of Kingfisher plc in a report on Tuesday, May 9th. Finally, Morgan Stanley raised Kingfisher plc to an “overweight” rating and lifted their price objective for the stock from GBX 290 ($3.79) to GBX 380 ($4.96) in a report on Wednesday, July 12th. Eight investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 330.19 ($4.31).
Kingfisher plc (LON KGF) opened at 302.20 on Friday. The stock’s 50 day moving average price is GBX 306.58 and its 200-day moving average price is GBX 328.40. The stock’s market cap is GBX 6.75 billion. Kingfisher plc has a 12 month low of GBX 269.60 and a 12 month high of GBX 390.60.
In other news, insider Karen Witts sold 36,780 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.97), for a total value of £111,811.20 ($146,005.75). Insiders bought 143 shares of company stock worth $44,778 over the last 90 days.
Kingfisher plc Company Profile
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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