Brokerages Set Kingfisher plc (KGF) Target Price at $335.85

Kingfisher plc (LON:KGF) has earned an average rating of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 335.85 ($4.49).

Several brokerages have recently weighed in on KGF. Deutsche Bank raised their target price on Kingfisher from GBX 325 ($4.35) to GBX 345 ($4.61) and gave the stock a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 288 ($3.85) target price on shares of Kingfisher in a research report on Friday, December 15th. Barclays reissued an “underweight” rating on shares of Kingfisher in a research report on Monday, November 6th. Credit Suisse Group began coverage on Kingfisher in a research report on Monday, November 6th. They set an “outperform” rating and a GBX 410 ($5.48) target price on the stock. Finally, Numis Securities reissued a “hold” rating and set a GBX 325 ($4.35) target price on shares of Kingfisher in a research report on Thursday, September 21st.

In other Kingfisher news, insider Veronique Laury sold 2,294 shares of Kingfisher stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($4.05), for a total value of £6,950.82 ($9,293.78). Insiders acquired a total of 140 shares of company stock worth $45,066 over the last quarter.

Shares of Kingfisher (LON:KGF) traded down GBX 1.90 ($0.03) during midday trading on Tuesday, hitting GBX 339.60 ($4.54). The stock had a trading volume of 6,733,697 shares, compared to its average volume of 7,640,000. Kingfisher has a 1-year low of GBX 285.30 ($3.81) and a 1-year high of GBX 369.80 ($4.94). The firm has a market cap of $7,360.00 and a price-to-earnings ratio of 1,306.15.

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About Kingfisher

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.

Analyst Recommendations for Kingfisher (LON:KGF)

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