Kingfisher plc (KGF) Rating Reiterated by Numis Securities Ltd
Numis Securities Ltd reissued their hold rating on shares of Kingfisher plc (LON:KGF) in a report issued on Thursday. They currently have a GBX 325 ($4.38) price objective on the home improvement retailer’s stock.
A number of other equities research analysts have also issued reports on the company. HSBC Holdings plc reissued a buy rating and issued a GBX 440 ($5.93) target price on shares of Kingfisher plc in a research report on Friday, July 21st. Credit Suisse Group reissued an outperform rating and issued a GBX 410 ($5.53) target price on shares of Kingfisher plc in a research report on Friday, September 1st. Barclays PLC reissued an underweight rating on shares of Kingfisher plc in a research report on Monday, June 26th. J P Morgan Chase & Co reissued an underweight rating and issued a GBX 288 ($3.88) target price on shares of Kingfisher plc in a research report on Thursday, June 8th. Finally, Morgan Stanley raised Kingfisher plc to an overweight rating and lifted their target price for the company from GBX 290 ($3.91) to GBX 380 ($5.12) in a research report on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 326.14 ($4.40).
Shares of Kingfisher plc (KGF) opened at 296.40 on Thursday. The company’s market cap is GBX 6.57 billion. Kingfisher plc has a 52 week low of GBX 269.60 and a 52 week high of GBX 390.60. The company has a 50 day moving average price of GBX 297.99 and a 200 day moving average price of GBX 316.92.
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In other news, insider Karen Witts sold 36,780 shares of Kingfisher plc stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($4.10), for a total transaction of £111,811.20 ($150,749.90). Insiders have bought a total of 151 shares of company stock valued at $44,974 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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