Published On: Sun, Sep 18th, 2016

Kingfisher plc (KGF) Rating Reiterated by Jefferies Group

Kingfisher plc (LON:KGF)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a GBX 340 ($4.53) price objective on the home improvement retailer’s stock. Jefferies Group’s price objective would suggest a potential downside of 7.46% from the company’s previous close.
A number of other equities analysts have also commented on the stock. BNP Paribas lowered shares of Kingfisher plc to a “neutral” rating and set a GBX 410 ($5.46) price target on the stock. in a research report on Friday, September 9th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 390 ($5.19) price target on shares of Kingfisher plc in a research report on Tuesday, September 6th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 280 ($3.73) price target on shares of Kingfisher plc in a research report on Thursday, September 1st. Haitong Bank restated a “sell” rating and issued a GBX 275 ($3.66) price target on shares of Kingfisher plc in a research report on Wednesday, August 31st. Finally, Barclays PLC restated an “underweight” rating and issued a GBX 285 ($3.80) price target on shares of Kingfisher plc in a research report on Thursday, August 25th. Ten investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 337.74 ($4.50).
Kingfisher plc (LON:KGF) traded up 0.66% on Monday, reaching GBX 367.40. 14,040,066 shares of the company’s stock traded hands. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 382.70. The firm’s market capitalization is GBX 8.41 billion. The firm’s 50 day moving average price is GBX 361.53 and its 200 day moving average price is GBX 355.27.

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In other news, insider Parekh,Rakhi purchased 6,124 shares of the business’s stock in a transaction on Monday, June 27th. The stock was purchased at an average price of GBX 335 ($4.46) per share, for a total transaction of £20,515.40 ($27,324.72).
About Kingfisher plc
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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