Brokerages Set Kingfisher plc (KGF) Target Price at $332.20
Shares of Kingfisher plc (LON:KGF) have been given an average rating of “Hold” by the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 332.20 ($4.33).
Several equities research analysts have commented on KGF shares. HSBC Holdings plc upgraded Kingfisher plc to a “buy” rating and boosted their price objective for the stock from GBX 380 ($4.95) to GBX 440 ($5.73) in a research note on Wednesday, May 17th. Jefferies Group LLC reiterated a “hold” rating and set a GBX 325 ($4.23) price objective on shares of Kingfisher plc in a research note on Tuesday, May 9th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 325 ($4.23) price objective on shares of Kingfisher plc in a research note on Thursday, May 25th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 350 ($4.56) price objective on shares of Kingfisher plc in a research note on Thursday, May 25th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 430 ($5.60) price objective on shares of Kingfisher plc in a research note on Wednesday, April 19th.
Kingfisher plc (LON KGF) traded up 1.31% during mid-day trading on Friday, hitting GBX 309.40. The company had a trading volume of 4,815,477 shares. The firm’s market capitalization is GBX 6.91 billion. Kingfisher plc has a 12 month low of GBX 269.60 and a 12 month high of GBX 390.60. The company has a 50-day moving average price of GBX 302.19 and a 200 day moving average price of GBX 324.50.
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In related news, insider Karen Witts sold 36,780 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.96), for a total value of £111,811.20 ($145,606.46). Insiders purchased 143 shares of company stock worth $44,778 over the last quarter.
About Kingfisher plc
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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