Published On: Tue, Sep 6th, 2016

Goldman Sachs Group Inc. Reaffirms  Neutral Rating for Kingfisher plc (KGF)

Kingfisher plc (LON:KGF)‘s stock had its ” neutral” rating reissued by investment analysts at Goldman Sachs Group in a research note issued on Tuesday. They presently have a GBX 390 ($5.19) price objective on the home improvement retailer’s stock. Goldman Sachs Group‘s price target would indicate a potential upside of 4.73% from the stock’s previous close.
In other news, insider Parekh,Rakhi acquired 6,124 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were acquired at an average price of GBX 335 ($4.46) per share, with a total value of £20,515.40 ($27,324.72).
Several other equities analysts also recently issued reports on KGF. Jefferies Group raised shares of Kingfisher plc to a “buy” rating and upped their price objective for the company from GBX 350 ($4.66) to GBX 420 ($5.59) in a research note on Wednesday, June 1st. Haitong Bank reissued a “sell” rating and set a GBX 275 ($3.66) price objective on shares of Kingfisher plc in a research note on Wednesday, August 31st. HSBC reissued a “hold” rating and set a GBX 355 ($4.73) price objective on shares of Kingfisher plc in a research note on Tuesday, May 24th. Beaufort Securities reissued a “hold” rating on shares of Kingfisher plc in a research note on Friday, August 19th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 280 ($3.73) price objective on shares of Kingfisher plc in a research note on Wednesday, May 18th. Ten investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Kingfisher plc has an average rating of “Hold” and an average target price of GBX 337.21 ($4.49).

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Shares of Kingfisher plc (LON:KGF) opened at 374.40 on Tuesday. The stock’s market capitalization is GBX 8.57 billion. The stock’s 50 day moving average is GBX 352.03 and its 200 day moving average is GBX 353.29. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 382.70.
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.

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