Kingfisher plc (KGF) Given Average Recommendation of “Hold” by Brokerages

Kingfisher plc (LON:KGF) has been given an average rating of “Hold” by the sixteen brokerages that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 335.85 ($4.49).

A number of equities research analysts recently commented on the company. Investec reaffirmed a “sell” rating and set a GBX 268 ($3.58) target price on shares of Kingfisher in a report on Monday, November 6th. Deutsche Bank lifted their target price on Kingfisher from GBX 325 ($4.35) to GBX 345 ($4.61) and gave the stock a “hold” rating in a report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating on shares of Kingfisher in a report on Wednesday, September 20th. Beaufort Securities reissued a “hold” rating on shares of Kingfisher in a report on Thursday, September 21st. Finally, decreased their price target on Kingfisher from GBX 440 ($5.88) to GBX 380 ($5.08) and set a “buy” rating for the company in a report on Wednesday, September 27th.

Kingfisher (LON KGF) traded up GBX 5.70 ($0.08) during trading on Tuesday, hitting GBX 343.40 ($4.59). The company had a trading volume of 6,059,504 shares, compared to its average volume of 8,880,000. Kingfisher has a 12-month low of GBX 285.30 ($3.81) and a 12-month high of GBX 369.80 ($4.94). The firm has a market capitalization of $7,310.00 and a P/E ratio of 1,320.77.

In related news, insider Veronique Laury sold 2,294 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($4.05), for a total transaction of £6,950.82 ($9,293.78). Insiders have purchased 140 shares of company stock valued at $45,066 over the last quarter.

TRADEMARK VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/01/02/kingfisher-plc-kgf-given-average-recommendation-of-hold-by-brokerages.html.

About Kingfisher

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.

Latest News

Leave a Reply