Kingfisher (LON:KGF)‘s stock had its “underweight” rating reissued by analysts at J P Morgan Chase & Co in a report released on Friday. They presently have a GBX 288 ($3.88) price target on the home improvement retailer’s stock. J P Morgan Chase & Co’s price objective would suggest a potential downside of 13.17% from the company’s current price.
KGF has been the subject of several other research reports. Numis Securities reissued a “hold” rating and set a GBX 325 ($4.37) price objective on shares of Kingfisher in a report on Thursday, September 21st. Barclays reissued an “underweight” rating and set a GBX 290 ($3.90) price objective on shares of Kingfisher in a report on Thursday, August 31st. Goldman Sachs Group increased their price objective on shares of Kingfisher from GBX 325 ($4.37) to GBX 330 ($4.44) and gave the company a “neutral” rating in a report on Thursday, September 21st. Beaufort Securities reissued a “hold” rating on shares of Kingfisher in a report on Thursday, September 21st. Finally, dropped their price objective on shares of Kingfisher from GBX 440 ($5.92) to GBX 380 ($5.11) and set a “buy” rating for the company in a report on Wednesday, September 27th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 331.14 ($4.46).
Kingfisher (KGF) traded down GBX 1.80 ($0.02) on Friday, hitting GBX 331.70 ($4.46). 15,686,475 shares of the company’s stock traded hands, compared to its average volume of 10,880,000. Kingfisher has a twelve month low of GBX 269.60 ($3.63) and a twelve month high of GBX 369.80 ($4.98).
Kingfisher 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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