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.
WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/01/goldman-sachs-group-boosts-kingfisher-kgf-price-target-to-gbx-420.html.
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.
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.