Breaking: Kingfisher PLC (LON:KGF) Sell Rating Restated by Analysts at Investec Today; The Target Price is GBX 310.00

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Kingfisher PLC (LON:KGF) Rating Reaffirmed

London: In analysts report disseminated on Tuesday morning, Investec has restated their Sell rating on Kingfisher PLC (LON:KGF) shares. They now have a GBX 310.00 target PPS on the company. Investec’s target would now indicate a potential downside of -4.00% from the company’s last stock close 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 356.4 with a 8.28% above today’s (GBX 323.6) stock price. Kingfisher PLC was the topic of 72 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 14 with “Sell” rating. AlphaValue maintained shares with “Add” rating and GBX 377 target share price in a report from a December 3. RBC Capital Markets maintained KGF stock in a recent report from December 7 with “Underperform” rating. Goldman Sachs maintained the rating on December 3. Goldman Sachs has a “Buy” rating and a GBX 400 price target on shares. Finally, Bernstein maintained the stock with “Outperform” rating in a report issued on a December 4.

Approximately 360,303 shares of stock traded hands. Kingfisher plc (LON:KGF) has declined 9.92% since May 18, 2015 and is downtrending. It has underperformed by 6.24% the S&P500.

Breaking: Kingfisher PLC (LON:KGF) Sell Rating Restated by Analysts at Investec Today; The Target Price is GBX 310.00

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 7.26 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 12.65 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.

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