Goldman Sachs Group Boosts Kingfisher (KGF) Price Target to GBX 420

Kingfisher (LON:KGF) had its price target upped by equities research analysts at Goldman Sachs Group from GBX 375 ($5.27) to GBX 420 ($5.90) in a research note issued on Thursday. The firm presently has a “buy” rating on the home improvement retailer’s stock. Goldman Sachs Group’s target price would indicate a potential upside of 19.59% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Investec reiterated a “sell” rating and set a GBX 268 ($3.76) price target on shares of Kingfisher in a research report on Monday, November 6th. Jefferies Group upgraded shares of Kingfisher to a “buy” rating and increased their price target for the company from GBX 310 ($4.35) to GBX 400 ($5.62) in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 288 ($4.04) price target on shares of Kingfisher in a research report on Friday, December 15th. Credit Suisse Group began coverage on shares of Kingfisher in a research report on Monday, November 6th. They set an “outperform” rating and a GBX 410 ($5.76) price target on the stock. Finally, Deutsche Bank reiterated a “hold” rating and set a GBX 325 ($4.56) price target on shares of Kingfisher in a research report on Monday, November 6th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 335.79 ($4.72).

Shares of Kingfisher (LON KGF) opened at GBX 351.20 ($4.93) on Thursday. Kingfisher has a 1 year low of GBX 285.30 ($4.01) and a 1 year high of GBX 369.80 ($5.19). The company has a market cap of $7,500.00 and a P/E ratio of 1,350.77.

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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)

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