Kingfisher plc (KGF) Receives Outperform Rating from Credit Suisse Group
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group in a report issued on Wednesday, September 20th.
KGF has been the topic of several other reports. Barclays PLC reaffirmed an “underweight” rating on shares of Kingfisher plc in a report on Monday, June 26th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 440 ($5.78) target price on shares of Kingfisher plc in a report on Friday, July 21st. Morgan Stanley raised Kingfisher plc to an “overweight” rating and raised their target price for the stock from GBX 290 ($3.81) to GBX 380 ($5.00) in a report on Wednesday, July 12th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 288 ($3.79) target price on shares of Kingfisher plc in a report on Thursday, June 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 325 ($4.27) target price on shares of Kingfisher plc in a report on Monday, June 5th. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 321.86 ($4.23).
In related news, insider Andrew Cosslett acquired 99,802 shares of Kingfisher plc stock in a transaction that occurred on Tuesday, October 3rd. The shares were purchased at an average price of GBX 301 ($3.96) per share, for a total transaction of £300,404.02 ($394,956.64). In the last quarter, insiders have purchased 99,953 shares of company stock worth $30,085,376.
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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