Goldman Sachs Group, Inc. (The) Raises Kingfisher plc (KGF) Price Target to GBX 330
Kingfisher plc (LON:KGF) had its target price boosted by stock analysts at Goldman Sachs Group, Inc. (The) from GBX 325 ($4.38) to GBX 330 ($4.45) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the home improvement retailer’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 11.22% from the company’s current price.
A number of other equities analysts have also commented on KGF. Credit Suisse Group decreased their target price on Kingfisher plc from GBX 430 ($5.80) to GBX 410 ($5.53) and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. Investec reaffirmed a “sell” rating and set a GBX 268 ($3.61) price objective on shares of Kingfisher plc in a report on Wednesday, May 24th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 325 ($4.38) price objective on shares of Kingfisher plc in a report on Thursday, May 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 325 ($4.38) price objective on shares of Kingfisher plc in a report on Monday, June 5th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 440 ($5.93) price objective on shares of Kingfisher plc in a report on Wednesday, June 7th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 326.14 ($4.40).
Shares of Kingfisher plc (LON:KGF) traded down 1.17% during midday trading on Thursday, reaching GBX 296.70. The company had a trading volume of 8,443,999 shares. Kingfisher plc has a 52-week low of GBX 269.60 and a 52-week high of GBX 390.60. The company’s 50 day moving average price is GBX 297.99 and its 200 day moving average price is GBX 316.92. The stock’s market capitalization is GBX 6.57 billion.
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In other news, insider Karen Witts sold 36,780 shares of the business’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 value of £111,811.20 ($150,749.90). Insiders have acquired a total of 151 shares of company stock valued at $44,974 in the last quarter.
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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