HSBC Holdings plc Reiterates Buy Rating for Kingfisher plc (LON:KGF)
HSBC Holdings plc reaffirmed their buy rating on shares of Kingfisher plc (LON:KGF) in a research report sent to investors on Friday morning. The firm currently has a GBX 440 ($5.75) target price on the home improvement retailer’s stock.
Several other brokerages also recently commented on KGF. Citigroup Inc. reiterated a sell rating on shares of Kingfisher plc in a report on Thursday, March 23rd. UBS AG dropped their target price on Kingfisher plc from GBX 345 ($4.51) to GBX 335 ($4.37) and set a neutral rating on the stock in a report on Thursday, March 23rd. Jefferies Group LLC reiterated a hold rating and set a GBX 325 ($4.24) target price on shares of Kingfisher plc in a report on Thursday, March 23rd. Investec reiterated a sell rating and set a GBX 268 ($3.50) target price on shares of Kingfisher plc in a report on Wednesday, May 24th. Finally, Credit Suisse Group dropped their target price on Kingfisher plc from GBX 430 ($5.62) to GBX 410 ($5.35) and set an outperform rating on the stock in a report on Wednesday, May 24th. Eight analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 330.19 ($4.31).
Shares of Kingfisher plc (LON KGF) opened at 297.50 on Friday. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60. The company’s 50 day moving average is GBX 306.45 and its 200-day moving average is GBX 328.22. The stock’s market capitalization is GBX 6.64 billion.
In other news, insider Karen Witts sold 36,780 shares of the business’s 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). Insiders bought a total of 143 shares of company stock valued at $44,778 over the last quarter.
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.
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