Kingfisher PLC (LON:KGF): Haitong Securities Reiterates “Sell” Rating Today, Has a Target of GBX 290.00/Share


Kingfisher PLC (LON:KGF) Rating Reaffirmed

In a comprehensive report issued to investors and clients on 27 November, The “Sell” rating of Kingfisher PLC (LON:KGF) shares was reaffirmed at Haitong Securities, who now has a GBX 290.00 target price on the stock. Haitong Securities’s target price implies a possible downside of -16.59% from the close price of the company.

From a total of 25 analysts covering Kingfisher PLC (LON:KGF) stock, 5 rate it a ”Buy”, 11 a “Sell”, and 9 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is GBX 420 while the lowest target price is GBX 270. The mean of all analyst targets is GBX 350.57 with a 0.83% above today’s (GBX 347.7) stock price. Kingfisher PLC was the topic of 61 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on November 25 with “Sell” rating. Haitong Securities maintained shares with “Sell” rating and GBX 270 target share price in a report from a November 24. UBS maintained KGF stock in a recent report from November 24 with “Buy” rating. Investec maintained the rating on November 24. Investec has a “Sell” rating and a GBX 320 price target on shares. Finally, Morgan Stanley maintained the stock with “Underwt/Cautious” rating in a report issued on a November 24.

Approximately 238,057 shares of stock traded hands. Kingfisher plc (LON:KGF) has declined 0.60% since April 30, 2015 and is downtrending. It has outperformed by 0.76% the S&P500.

Kingfisher PLC (LON:KGF): Haitong Securities Reiterates

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 7.98 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 13.59 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.