Kingfisher plc (KGF) Rating Reiterated by Haitong Bank
Kingfisher plc (LON:KGF)‘s stock had its “sell” rating reaffirmed by investment analysts at Haitong Bank in a research note issued to investors on Tuesday. They currently have a GBX 260 ($3.39) price objective on the home improvement retailer’s stock. Haitong Bank’s target price would indicate a potential downside of 30.98% from the company’s current price.
A number of other analysts have also weighed in on KGF. HSBC reaffirmed a “hold” rating and set a GBX 355 ($4.63) target price on shares of Kingfisher plc in a report on Tuesday, May 24th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 425 ($5.55) target price on shares of Kingfisher plc in a report on Tuesday, May 24th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 435 ($5.68) target price on shares of Kingfisher plc in a report on Wednesday, May 25th. Jefferies Group raised shares of Kingfisher plc to a “buy” rating and upped their target price for the stock from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 420 ($5.48) target price on shares of Kingfisher plc in a report on Monday, June 13th. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 336.95 ($4.40).
Kingfisher plc (LON:KGF) opened at 383.90 on Tuesday. Kingfisher plc has a one year low of GBX 300.10 and a one year high of GBX 387.00. The stock’s 50 day moving average is GBX 363.22 and its 200-day moving average is GBX 355.65. The firm’s market cap is GBX 8.79 billion.
In other news, insider Parekh,Rakhi purchased 6,124 shares of the company’s stock in a transaction on Monday, June 27th. The stock was acquired at an average price of GBX 335 ($4.37) per share, with a total value of £20,515.40 ($26,779.01).
Kingfisher plc Company Profile
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.
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