Kingfisher plc (KGF) Rating Reiterated by Jefferies Group LLC
Kingfisher plc (LON:KGF)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research report issued on Tuesday. They presently have a GBX 310 ($4.17) price target on the home improvement retailer’s stock. Jefferies Group LLC’s price target points to a potential upside of 5.41% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. HSBC Holdings plc reiterated a “buy” rating and set a GBX 440 ($5.92) price target on shares of Kingfisher plc in a research note on Friday, July 21st. Credit Suisse Group reiterated an “outperform” rating and set a GBX 410 ($5.51) price target on shares of Kingfisher plc in a research note on Friday, September 1st. Barclays PLC reiterated an “underweight” rating on shares of Kingfisher plc in a research note on Monday, June 26th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 288 ($3.87) price target on shares of Kingfisher plc in a research note on Thursday, June 8th. Finally, Morgan Stanley upgraded shares of Kingfisher plc to an “overweight” rating and increased their price target for the stock from GBX 290 ($3.90) to GBX 380 ($5.11) in a research note on Wednesday, July 12th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Kingfisher plc currently has an average rating of “Hold” and a consensus target price of GBX 321.86 ($4.33).
Kingfisher plc (LON KGF) opened at 292.00 on Tuesday. Kingfisher plc has a one year low of GBX 269.60 and a one year high of GBX 390.60. The company’s 50 day moving average is GBX 297.99 and its 200 day moving average is GBX 316.92. The stock’s market cap is GBX 6.47 billion.
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In other news, insider Karen Witts sold 36,780 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of GBX 304 ($4.09), for a total value of £111,811.20 ($150,364.71). Insiders bought a total of 151 shares of company stock valued at $44,974 in the last quarter.
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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