J P Morgan Chase & Co Reiterates “Underweight” Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating restated by J P Morgan Chase & Co in a report issued on Friday. They currently have a GBX 288 ($3.82) price target on the home improvement retailer’s stock. J P Morgan Chase & Co’s target price suggests a potential downside of 6.28% from the company’s current price.
A number of other analysts have also issued reports on KGF. Beaufort Securities restated a “hold” rating on shares of Kingfisher plc in a report on Friday, August 18th. HSBC Holdings plc reduced their target price on Kingfisher plc from GBX 440 ($5.84) to GBX 380 ($5.04) and set a “buy” rating for the company in a report on Wednesday, September 27th. Barclays PLC restated an “underweight” rating and issued a GBX 300 ($3.98) target price on shares of Kingfisher plc in a report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a GBX 310 ($4.11) target price on shares of Kingfisher plc in a report on Tuesday, September 26th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 325 ($4.31) target price on shares of Kingfisher plc in a report on Thursday, September 21st. Seven 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 321.86 ($4.27).
Shares of Kingfisher plc (KGF) opened at 307.30 on Friday. The stock’s market cap is GBX 6.81 billion. The stock has a 50 day moving average price of GBX 296.58 and a 200-day moving average price of GBX 313.90. Kingfisher plc has a 12 month low of GBX 269.60 and a 12 month high of GBX 377.80.
In other Kingfisher plc news, insider Andrew Cosslett bought 99,802 shares of the stock in a transaction on Tuesday, October 3rd. The shares were purchased at an average cost of GBX 301 ($3.99) per share, with a total value of £300,404.02 ($398,466.67). Insiders have acquired 99,953 shares of company stock worth $30,085,376 over the last three months.
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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