Kingfisher (LON:KGF) had its price objective cut by equities researchers at Royal Bank of Canada from GBX 220 ($2.87) to GBX 215 ($2.81) in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports. The firm currently has an “underperform” rating on the home improvement retailer’s stock. Royal Bank of Canada’s price target points to a potential downside of 4.57% from the stock’s previous close.

Several other research analysts have also issued reports on KGF. JPMorgan Chase & Co. dropped their target price on Kingfisher from GBX 220 ($2.87) to GBX 200 ($2.61) and set an “underweight” rating for the company in a research report on Friday, January 25th. UBS Group reaffirmed a “sell” rating and set a GBX 205 ($2.68) price target (down previously from GBX 225 ($2.94)) on shares of Kingfisher in a research note on Friday, February 1st. Goldman Sachs Group downgraded shares of Kingfisher to a “neutral” rating and decreased their price target for the company from GBX 270 ($3.53) to GBX 260 ($3.40) in a research note on Tuesday, February 5th. Credit Suisse Group decreased their price target on shares of Kingfisher from GBX 315 ($4.12) to GBX 280 ($3.66) and set an “outperform” rating for the company in a research note on Tuesday, February 19th. Finally, HSBC downgraded shares of Kingfisher to a “reduce” rating and decreased their price target for the company from GBX 240 ($3.14) to GBX 180 ($2.35) in a research note on Tuesday, March 26th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 240.63 ($3.14).

Shares of LON:KGF opened at GBX 225.30 ($2.94) on Monday. Kingfisher has a 1 year low of GBX 202.70 ($2.65) and a 1 year high of GBX 319.70 ($4.18). The company has a market cap of $4.73 billion and a price-to-earnings ratio of 22.09. The company has a quick ratio of 0.22, a current ratio of 1.28 and a debt-to-equity ratio of 2.67.

In related news, insider Sophie Gasperment purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average price of GBX 227 ($2.97) per share, with a total value of £22,700 ($29,661.57).

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

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Analyst Recommendations for Kingfisher (LON:KGF)

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