Kingfisher plc (KGF) Given Consensus Recommendation of “Hold” by Brokerages
Kingfisher plc (LON:KGF) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 333.87 ($4.32).
A number of brokerages have issued reports on KGF. Barclays PLC reiterated an “underweight” rating and set a GBX 300 ($3.88) price target on shares of Kingfisher plc in a research note on Friday, August 11th. HSBC Holdings plc restated a “buy” rating and set a GBX 440 ($5.69) target price on shares of Kingfisher plc in a research note on Friday, June 30th. Investec restated a “sell” rating and set a GBX 268 ($3.47) target price on shares of Kingfisher plc in a research note on Wednesday, May 24th. Credit Suisse Group lowered their price target on Kingfisher plc from GBX 430 ($5.56) to GBX 410 ($5.30) and set an “outperform” rating for the company in a report on Wednesday, May 24th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 325 ($4.20) price target on shares of Kingfisher plc in a report on Thursday, May 25th.
In other news, insider Karen Witts sold 36,780 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.93), for a total value of £111,811.20 ($144,608.38). Insiders bought a total of 149 shares of company stock worth $44,894 in the last three months.
Shares of Kingfisher plc (LON KGF) traded up 1.20% during trading on Wednesday, reaching GBX 295.50. 7,755,687 shares of the company were exchanged. The company’s market capitalization is GBX 6.60 billion. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60. The stock’s 50 day moving average is GBX 301.01 and its 200 day moving average is GBX 321.11.
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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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