Kingfisher PLC (LON:KGF) Rating Reaffirmed
In a comprehensive report sent to clients and investors this morning, JP Morgan Cazenove has decided to reaffirm their Underweight rating on Kingfisher PLC (LON:KGF) shares. The target provides a possible downside of -9.95% from company’s current stock price.
From a total of 20 analysts covering Kingfisher PLC (LON:KGF) stock, 5 rate it a ”Buy”, 8 a “Sell”, and 9 a ”Hold”. This means that 23% of the ratings are positive. The highest target price is GBX 420 while the lowest target price is GBX 285. The mean of all analyst targets is GBX 357.15 with a -1.11% below today’s (GBX 355.36) stock price. Kingfisher PLC was the topic of 64 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 1 with “Underweight” rating. Morgan Stanley maintained shares with “Underwt/Cautious” rating and GBX 300 target share price in a report from a November 24. Haitong Securities maintained KGF stock in a recent report from November 27 with “Sell” rating. Investec maintained the rating on November 24. Investec has a “Sell” rating and a GBX 320 price target on shares. Finally, Nomura maintained the stock with “Neutral” rating in a report issued on a November 25.
The stock increased 0.56% or GBX 1.96 on December 1, striking GBX 355.36. Approximately 7.48M shares of stock traded hands or 13.33% up from the average. Kingfisher plc (LON:KGF) has risen 0.25% since May 5, 2015 and is uptrending. It has outperformed by 1.88% the S&P500.
Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 8.07 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 13.89 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.