Kingfisher plc (KGF) Stock Rating Upgraded by Royal Bank Of Canada
Kingfisher plc (LON:KGF) was upgraded by research analysts at Royal Bank Of Canada to a “sector performer” rating in a research note issued on Friday. The firm presently has a GBX 325 ($4.27) price target on the home improvement retailer’s stock, up from their previous price target of GBX 300 ($3.95). Royal Bank Of Canada’s price target indicates a potential upside of 7.30% from the company’s previous close.
A number of other research analysts have also issued reports on the company. Investec reissued a “sell” rating and issued a GBX 268 ($3.52) target price on shares of Kingfisher plc in a report on Monday, November 6th. Credit Suisse Group assumed coverage on Kingfisher plc in a report on Monday, November 6th. They issued an “outperform” rating and a GBX 410 ($5.39) target price on the stock. Deutsche Bank AG reissued a “hold” rating and issued a GBX 325 ($4.27) target price on shares of Kingfisher plc in a report on Monday, November 6th. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 288 ($3.79) target price on shares of Kingfisher plc in a report on Monday, November 6th. Finally, Barclays PLC reissued an “underweight” rating on shares of Kingfisher plc in a report on Monday, November 6th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Kingfisher plc presently has an average rating of “Hold” and an average price target of GBX 324.71 ($4.27).
Kingfisher plc (KGF) opened at GBX 302.90 ($3.98) on Friday. Kingfisher plc has a 12-month low of GBX 269.60 ($3.55) and a 12-month high of GBX 371.20 ($4.88).
In other news, insider Andrew Cosslett bought 99,802 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were bought at an average cost of GBX 301 ($3.96) per share, for a total transaction of £300,404.02 ($395,112.48). Also, insider Veronique Laury sold 2,294 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($3.99), for a total value of £6,950.82 ($9,142.21). Over the last quarter, insiders have acquired 99,903 shares of company stock worth $30,070,427.
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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