Kingfisher plc (KGF) Receives Underweight Rating from Barclays PLC
Other research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 288 ($3.88) price target on shares of Kingfisher plc in a report on Wednesday, June 14th. Numis Securities Ltd restated a hold rating and issued a GBX 325 ($4.38) target price on shares of Kingfisher plc in a report on Thursday, May 25th. Investec restated a sell rating and issued a GBX 268 ($3.61) target price on shares of Kingfisher plc in a report on Thursday, August 17th. Credit Suisse Group lowered their target price on shares of Kingfisher plc from GBX 430 ($5.80) to GBX 410 ($5.53) and set an outperform rating for the company in a report on Wednesday, May 24th. Finally, Beaufort Securities restated a hold rating on shares of Kingfisher plc in a report on Friday, August 18th. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Kingfisher plc has an average rating of Hold and a consensus target price of GBX 326.14 ($4.40).
Kingfisher plc (KGF) traded down 1.17% on Thursday, hitting GBX 296.70. 8,443,999 shares of the company’s stock were exchanged. The company’s 50-day moving average price is GBX 297.99 and its 200-day moving average price is GBX 316.92. The company’s market cap is GBX 6.63 billion. Kingfisher plc has a 12-month low of GBX 269.60 and a 12-month high of GBX 390.60.
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In related news, insider Karen Witts sold 36,780 shares of Kingfisher plc stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of GBX 304 ($4.10), for a total transaction of £111,811.20 ($150,749.90). Over the last 90 days, insiders have purchased 151 shares of company stock worth $44,974.
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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