Barclays PLC Reaffirms Underweight Rating for Kingfisher plc (KGF)
Barclays PLC restated their underweight rating on shares of Kingfisher plc (LON:KGF) in a research note issued to investors on Thursday. They currently have a GBX 290 ($3.75) price objective on the home improvement retailer’s stock.
Several other research firms have also recently weighed in on KGF. Credit Suisse Group lowered their price objective on Kingfisher plc from GBX 430 ($5.56) to GBX 410 ($5.30) and set an outperform rating on the stock in a research report on Wednesday, May 24th. Investec reiterated a sell rating and set a GBX 268 ($3.47) price objective on shares of Kingfisher plc in a research report on Wednesday, May 24th. HSBC Holdings plc upgraded Kingfisher plc to a buy rating and increased their price objective for the stock from GBX 380 ($4.91) to GBX 440 ($5.69) in a research report on Wednesday, May 17th. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 288 ($3.72) price objective on shares of Kingfisher plc in a research report on Monday, May 15th. Finally, Jefferies Group LLC reiterated 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. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 333.20 ($4.31).
Shares of Kingfisher plc (KGF) opened at 295.10 on Thursday. Kingfisher plc has a one year low of GBX 269.60 and a one year high of GBX 390.60. The company’s market cap is GBX 6.59 billion. The firm has a 50-day moving average of GBX 300.17 and a 200 day moving average of GBX 319.95.
In other Kingfisher plc news, insider Karen Witts sold 36,780 shares of Kingfisher plc stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of GBX 304 ($3.93), for a total value of £111,811.20 ($144,608.38). In the last quarter, insiders acquired 149 shares of company stock worth $44,894.
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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