Deutsche Bank AG Trims Kingfisher plc (KGF) Target Price to GBX 325
Kingfisher plc (LON:KGF) had its price target lowered by analysts at Deutsche Bank AG from GBX 355 ($4.58) to GBX 325 ($4.20) in a report issued on Friday. The brokerage presently has a “hold” rating on the home improvement retailer’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 12.85% from the stock’s previous close.
KGF has been the subject of a number of other reports. Barclays PLC reissued an “underweight” rating on shares of Kingfisher plc in a research report on Monday, June 26th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 440 ($5.68) price objective on shares of Kingfisher plc in a research note on Friday, July 21st. Morgan Stanley raised Kingfisher plc to an “overweight” rating and upped their price objective for the company from GBX 290 ($3.75) to GBX 380 ($4.91) in a research note on Wednesday, July 12th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 288 ($3.72) price objective on shares of Kingfisher plc in a research note on Thursday, June 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 325 ($4.20) price objective on shares of Kingfisher plc in a research note on Monday, June 5th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 329.87 ($4.26).
Kingfisher plc (LON KGF) traded down 3.61% during midday trading on Friday, reaching GBX 288.00. The company’s stock had a trading volume of 10,900,580 shares. The firm’s market capitalization is GBX 6.43 billion. The stock’s 50-day moving average price is GBX 299.75 and its 200 day moving average price is GBX 318.77. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60.
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In related news, insider Karen Witts sold 36,780 shares of the firm’s stock in a transaction that occurred 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 ($144,402.94). Insiders purchased a total of 149 shares of company stock valued at $44,894 over the last ninety 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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