J P Morgan Chase & Co Reaffirms “Underweight” Rating for Kingfisher plc (KGF)
J P Morgan Chase & Co reissued their underweight rating on shares of Kingfisher plc (LON:KGF) in a research note published on Monday morning. The firm currently has a GBX 288 ($3.72) target price on the home improvement retailer’s stock.
Several other research firms have also recently issued reports on KGF. Credit Suisse Group decreased their price objective on shares of Kingfisher plc from GBX 430 ($5.55) to GBX 410 ($5.30) and set an outperform rating for the company in a research report on Wednesday, May 24th. Investec reaffirmed a sell rating and set a GBX 268 ($3.46) price objective on shares of Kingfisher plc in a research report on Wednesday, May 24th. HSBC Holdings plc raised shares of Kingfisher plc to a buy rating and lifted their price objective for the stock from GBX 380 ($4.91) to GBX 440 ($5.68) in a research report on Wednesday, May 17th. Jefferies Group LLC reaffirmed a hold rating and set a GBX 325 ($4.20) price objective on shares of Kingfisher plc in a research report on Tuesday, May 9th. Finally, Numis Securities Ltd reaffirmed a hold rating and set a GBX 325 ($4.20) price objective on shares of Kingfisher plc in a research report on Thursday, May 25th. Seven research 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 has a consensus rating of Hold and a consensus price target of GBX 332.20 ($4.29).
Shares of Kingfisher plc (LON KGF) opened at 298.80 on Monday. The stock’s 50 day moving average price is GBX 300.00 and its 200 day moving average price is GBX 318.99. The stock’s market cap is GBX 6.67 billion. Kingfisher plc has a one year low of GBX 269.60 and a one year high of GBX 390.60.
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In other news, insider Karen Witts sold 36,780 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of GBX 304 ($3.93), for a total value of £111,811.20 ($144,402.94). Insiders bought 149 shares of company stock valued at $44,894 over the last ninety days.
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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