London: Kingfisher PLC (LON:KGF) Stock Has Just Had Its Sell Rating Reiterated by Haitong Securities. Shares now Have a GBX 290.00 Target

Share

Kingfisher PLC (LON:KGF) Rating Reaffirmed

In a comprehensive report revealed to investors on Friday morning, The Sell rating of Kingfisher PLC (LON:KGF) shares was kept steady by Analysts at Haitong Securities, who now has a GBX 290.00 Estimated Target Price on the stock. Haitong Securities’s Estimated Target Price implies a possible downside of -11.48% from the current price of the company.

From a total of 20 analysts covering Kingfisher PLC (LON:KGF) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 354.4 with a 7.09% above today’s (GBX 327.2) stock price. Kingfisher PLC was the topic of 73 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Haitong Securities maintained shares on December 18 with “Sell” rating. Bernstein maintained shares with “Outperform” rating and GBX 420 target share price in a report from a December 4. Numis Securities maintained KGF stock in a recent report from December 9 with “Hold” rating. AlphaValue maintained the rating on December 3. AlphaValue has a “Add” rating and a GBX 377 price target on shares. Finally, Nomura downgraded the stock to “Reduce” rating in a report issued on a December 7.

Approximately 465,773 shares of stock traded hands. Kingfisher plc (LON:KGF) has declined 10.12% since May 21, 2015 and is downtrending. It has underperformed by 6.31% the S&P500.

London: Kingfisher PLC (LON:KGF) Stock Has Just Had Its Sell Rating Reiterated by Haitong Securities. Shares now Have a GBX 290.00 Target

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 7.44 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 12.79 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.

COMMENTS: