Analysts at Investec Have Maintained their Past ‘”Sell”’ rating on Shares Kingfisher (LON:KGF), Set a GBX 310 Price Objective

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Kingfisher (LON:KGF) Rating Reaffirmed

Equities researchers at Investec now has a GBX 310 target price per share on Kingfisher (LON:KGF). Investec and their recent target price per share indicates a potential downside of -4.97% from the company’s last stock price. The rating has been announced in a recent research report on Monday, 14 December.

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 356.4 with a 7.65% above today’s (GBX 325.9) stock price. Kingfisher PLC was the topic of 71 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 9 with “Hold” rating. AlphaValue maintained shares with “Add” rating and GBX 377 target share price in a report from a December 3. Nomura downgraded KGF stock in a recent report from December 7 to “Reduce” rating. JP Morgan maintained the rating on December 2. JP Morgan has a “Underweight” rating and a GBX 320 price target on shares. Finally, Goldman Sachs maintained the stock with “Buy” rating in a report issued on a December 3.

Approximately 753,536 shares of stock traded hands. Kingfisher plc (LON:KGF) has declined 8.65% since May 15, 2015 and is downtrending. It has underperformed by 4.23% the S&P500.

Analysts at Investec Have Maintained their Past ‘

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 7.41 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 12.74 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.

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