Kingfisher plc (KGF) Earns “Sell” Rating from Investec
Kingfisher plc (LON:KGF)‘s stock had its “sell” rating reiterated by Investec in a research report issued to clients and investors on Thursday. They presently have a GBX 268 ($3.48) price objective on the home improvement retailer’s stock. Investec’s price objective suggests a potential downside of 12.82% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Numis Securities Ltd restated a “hold” rating and set a GBX 325 ($4.22) price target on shares of Kingfisher plc in a research note on Thursday, May 25th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 288 ($3.74) target price on shares of Kingfisher plc in a report on Monday, May 15th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 430 ($5.58) target price on shares of Kingfisher plc in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 325 ($4.22) target price on shares of Kingfisher plc in a report on Monday, June 5th. Finally, HSBC Holdings plc raised Kingfisher plc to a “buy” rating and lifted their target price for the stock from GBX 380 ($4.93) to GBX 440 ($5.71) in a report on Wednesday, May 17th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Kingfisher plc has a consensus rating of “Hold” and a consensus target price of GBX 330.19 ($4.29).
Kingfisher plc (LON KGF) opened at 292.30 on Thursday. Kingfisher plc has a 52 week low of GBX 269.60 and a 52 week high of GBX 390.60. The company’s market cap is GBX 6.53 billion. The company has a 50-day moving average of GBX 303.01 and a 200-day moving average of GBX 322.97.
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In related news, insider Karen Witts sold 36,780 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.95), for a total transaction of £111,811.20 ($145,152.80). In the last ninety days, insiders bought 149 shares of company stock worth $44,894.
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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