London: Kingfisher (LON:KGF) Stock Has Just Had Its Outperform Rating Reiterated by Bernstein. Shares now Have a GBX 420 Target

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Kingfisher (LON:KGF) Rating Reaffirmed

Kingfisher (LON:KGF) just had their share rating of a ‘Outperform’ issued by research analysts at Bernstein, who now has a GBX 420 TP on the 8.05 billion GBP market cap company or a 19.12% upside potential. This key information was revealed to clients and investors in recent note on Friday morning.

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 356.65 with a -0.37% below today’s (GBX 352.8) stock price. Kingfisher PLC was the topic of 67 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 3 with “Buy” rating. Haitong Securities maintained shares with “Sell” rating and GBX 290 target share price in a report from a November 27. JP Morgan maintained KGF stock in a recent report from December 2 with “Underweight” rating. Societe Generale maintained the rating on November 25. Societe Generale has a “Sell” rating and a GBX 333 price target on shares. Finally, RBC Capital Markets maintained the stock with “Underperform” rating in a report issued on a November 30.

Approximately 2.26M shares of stock traded hands. Kingfisher plc (LON:KGF) has declined 0.45% since May 7, 2015 and is downtrending. It has outperformed by 2.33% the S&P500.

London: Kingfisher (LON:KGF) Stock Has Just Had Its Outperform Rating Reiterated by Bernstein. Shares now Have a GBX 420 Target

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 8.05 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 13.79 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.

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