Kingfisher plc (KGF) Rating Reiterated by Goldman Sachs Group Inc.

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Kingfisher plc (LON:KGF)‘s stock had its “neutral” rating restated by equities research analysts at Goldman Sachs Group in a research note issued on Tuesday. They presently have a GBX 390 ($5.19) price target on the home improvement retailer’s stock. Goldman Sachs Group‘s target price indicates a potential upside of 4.33% from the stock’s previous close.
KGF has been the subject of several other reports. Credit Suisse Group AG restated an “outperform” rating and set a GBX 425 ($5.66) price objective on shares of Kingfisher plc in a research report on Wednesday, August 24th. Liberum Capital restated a “sell” rating and set a GBX 275 ($3.66) price objective on shares of Kingfisher plc in a research report on Thursday, August 18th. HSBC restated a “hold” rating and set a GBX 355 ($4.73) price objective on shares of Kingfisher plc in a research report on Tuesday, May 24th. Jefferies Group upgraded shares of Kingfisher plc to a “buy” rating and boosted their price objective for the company from GBX 350 ($4.66) to GBX 420 ($5.59) in a research report on Wednesday, June 1st. Finally, Barclays PLC restated an “underweight” rating and set a GBX 285 ($3.80) price objective on shares of Kingfisher plc in a research report on Thursday, August 25th. Ten equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 337.21 ($4.49).
Kingfisher plc (LON:KGF) traded up 0.38% on Tuesday, reaching GBX 373.80. The company’s stock had a trading volume of 4,913,438 shares. The company’s market cap is GBX 8.56 billion. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 382.70. The stock’s 50 day moving average price is GBX 352.63 and its 200 day moving average price is GBX 353.44.

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In related news, insider Parekh,Rakhi acquired 6,124 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were bought at an average price of GBX 335 ($4.46) per share, with a total value of £20,515.40 ($27,324.72).
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.
To view Goldman Sachs Group’s full report, visit Goldman Sachs Group’s official website.

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