Kingfisher plc (KGF) Upgraded to “Buy” by Goldman Sachs Group, Inc. (The)
Kingfisher plc (LON:KGF) was upgraded by analysts at Goldman Sachs Group, Inc. (The) to a “buy” rating in a research note issued on Monday. The brokerage presently has a GBX 375 ($4.95) price objective on the home improvement retailer’s stock, up from their prior price objective of GBX 330 ($4.35). Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 20.85% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 440 ($5.81) price objective on shares of Kingfisher plc in a research note on Friday, July 21st. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 410 ($5.41) price objective on shares of Kingfisher plc in a research note on Friday, September 1st. Morgan Stanley upgraded Kingfisher plc to an “overweight” rating and lifted their price objective for the company from GBX 290 ($3.83) to GBX 380 ($5.01) in a research note on Wednesday, July 12th. Deutsche Bank AG decreased their price objective on Kingfisher plc from GBX 355 ($4.68) to GBX 325 ($4.29) and set a “hold” rating for the company in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 288 ($3.80) price objective on shares of Kingfisher plc in a research note on Friday, October 6th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 325.07 ($4.29).
Kingfisher plc (KGF) traded up 1.77% during mid-day trading on Monday, hitting GBX 315.80. 7,865,143 shares of the company’s stock traded hands. Kingfisher plc has a one year low of GBX 269.60 and a one year high of GBX 371.20. The firm’s 50-day moving average price is GBX 301.06 and its 200-day moving average price is GBX 311.85. The stock’s market cap is GBX 7.00 billion.
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In related news, insider Andrew Cosslett bought 99,802 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were acquired at an average price of GBX 301 ($3.97) per share, with a total value of £300,404.02 ($396,415.97). Also, insider Veronique Laury sold 2,294 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of GBX 303 ($4.00), for a total value of £6,950.82 ($9,172.37). In the last ninety days, insiders have acquired 99,952 shares of company stock worth $30,085,421.
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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