Barclays PLC Reiterates Underweight Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reiterated by Barclays PLC in a research note issued to investors on Thursday.
Several other research firms have also issued reports on KGF. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 288 ($3.88) price target on shares of Kingfisher plc in a research report on Monday, September 4th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 440 ($5.93) price target on shares of Kingfisher plc in a research report on Friday, June 30th. Deutsche Bank AG reduced their price target on shares of Kingfisher plc from GBX 355 ($4.79) to GBX 325 ($4.38) and set a “hold” rating on the stock in a research report on Friday, September 8th. Investec reiterated a “sell” rating and set a GBX 268 ($3.61) price target on shares of Kingfisher plc in a research report on Wednesday, May 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a GBX 310 ($4.18) price target on shares of Kingfisher plc in a research report on Tuesday, September 5th. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Kingfisher plc currently has an average rating of “Hold” and an average target price of GBX 326.14 ($4.40).
Shares of Kingfisher plc (KGF) traded down 1.17% on Thursday, hitting GBX 296.70. The stock had a trading volume of 8,443,999 shares. The firm’s market capitalization is GBX 6.57 billion. Kingfisher plc has a 12-month low of GBX 269.60 and a 12-month high of GBX 390.60. The company has a 50 day moving average of GBX 297.99 and a 200-day moving average of GBX 316.92.
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In other news, insider Karen Witts sold 36,780 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of GBX 304 ($4.10), for a total transaction of £111,811.20 ($150,749.90). Insiders have bought 151 shares of company stock valued at $44,974 in the last ninety days.
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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