Kingfisher’s (KGF) Underweight Rating Reiterated at J P Morgan Chase & Co

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).

In related news, insider Veronique Laury sold 2,294 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of GBX 303 ($4.08), for a total value of £6,950.82 ($9,355.07). Also, insider Andrew Cosslett acquired 99,802 shares of Kingfisher stock in a transaction that occurred on Tuesday, October 3rd. The stock was purchased at an average cost of GBX 301 ($4.05) per share, for a total transaction of £300,404.02 ($404,312.27). Insiders purchased a total of 99,897 shares of company stock worth $30,070,573 over the last three months.

TRADEMARK VIOLATION WARNING: “Kingfisher’s (KGF) Underweight Rating Reiterated at J P Morgan Chase & Co” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/12/15/kingfishers-kgf-underweight-rating-reiterated-at-j-p-morgan-chase-co.html.

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.

Analyst Recommendations for Kingfisher (LON:KGF)

Receive News & Ratings for Kingfisher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply