Kingfisher plc (LON:KGF) Raised to “Overweight” at Morgan Stanley
Morgan Stanley upgraded shares of Kingfisher plc (LON:KGF) to an overweight rating in a report released on Wednesday. The firm currently has GBX 380 ($4.96) target price on the home improvement retailer’s stock, up from their previous target price of GBX 290 ($3.79).
A number of other research analysts have also issued reports on the company. Credit Suisse Group reiterated an outperform rating and set a GBX 430 ($5.62) price target on shares of Kingfisher plc in a research report on Wednesday, April 19th. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 288 ($3.76) price target on shares of Kingfisher plc in a research report on Monday, May 15th. HSBC Holdings plc reiterated a hold rating and set a GBX 380 ($4.96) price target on shares of Kingfisher plc in a research report on Wednesday, March 22nd. Haitong Bank reiterated a sell rating and set a GBX 275 ($3.59) price target on shares of Kingfisher plc in a research report on Wednesday, March 22nd. Finally, Numis Securities Ltd upgraded Kingfisher plc to a hold rating and set a GBX 325 ($4.24) price target for the company in a research report on Thursday, March 23rd. Eight investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 330.19 ($4.31).
Kingfisher plc (KGF) opened at 304.20 on Wednesday. Kingfisher plc has a 52-week low of GBX 269.60 and a 52-week high of GBX 390.60. The firm has a 50-day moving average price of GBX 324.35 and a 200 day moving average price of GBX 332.72. The stock’s market cap is GBX 6.79 billion.
In other news, insider Karen Witts sold 36,780 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.97), for a total value of £111,811.20 ($146,005.75).
Kingfisher plc 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.
Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with MarketBeat.com's FREE daily email newsletter.