TOday’s Movers: Kingfisher (LON:KGF) Stock Rating Reiterated at JP Morgan Cazenove; GBX 320.00 Target Price Indicates -10.56% Potential

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Kingfisher (LON:KGF) Rating Reaffirmed

The brokerage has just set a target price per share of GBX 320.00 on Kingfisher (LON:KGF) shares. This is -10.56% from the previous stock close. In an interesting research report sent to clients and investors on 2 December, JP Morgan Cazenove reaffirmed their “Underweight” rating on shares of KGF.

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 -1.82% below today’s (GBX 357.93) stock price. Kingfisher PLC was the topic of 65 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 2 with “Underweight” rating. Nomura maintained shares with “Neutral” rating and GBX 340 target share price in a report from a November 25. RBC Capital Markets maintained KGF stock in a recent report from November 30 with “Underperform” rating. Morgan Stanley maintained the rating on November 24. Morgan Stanley has a “Underwt/Cautious” rating and a GBX 300 price target on shares. Finally, Societe Generale maintained the stock with “Sell” rating in a report issued on a November 25.

The stock increased 0.97% or GBX 3.43 on December 2, striking GBX 357.93. Approximately 4.00M shares of stock traded hands. Kingfisher plc (LON:KGF) has risen 0.25% since May 5, 2015 and is uptrending. It has outperformed by 0.45% the S&P500.

TOday’s Movers: Kingfisher (LON:KGF) Stock Rating Reiterated at JP Morgan Cazenove; GBX 320.00 Target Price Indicates -10.56% Potential

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 8.19 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 13.99 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.

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