Nomura Loses Some Confidence in Kingfisher (LON:KGF). Will Other Analysts Follow?


Kingfisher (LON:KGF) Receives a Downgrade

Nomura has just downgraded their rating on shares of Kingfisher (LON:KGF) to a Reduce and currently has a GBX 335.00 target PPS on the stock. This was published in analysts report on 7 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 356.65 with a 1.17% above today’s (GBX 347.4) stock price. Kingfisher PLC was the topic of 68 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 4 with “Outperform” rating. RBC Capital Markets maintained shares with “Underperform” rating and GBX 350 target share price in a report from a November 30. AlphaValue maintained KGF stock in a recent report from December 3 with “Add” rating. Haitong Securities maintained the rating on November 27. Haitong Securities has a “Sell” rating and a GBX 290 price target on shares. Finally, Barclays Capital maintained the stock with “Underweight” rating in a report issued on a December 1.

Approximately 5.32 million shares of stock traded hands. Kingfisher plc (LON:KGF) has declined 4.23% since May 8, 2015 and is downtrending. It has underperformed by 3.15% the S&P500.

 Nomura Loses Some Confidence in Kingfisher (LON:KGF). Will Other Analysts Follow?

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 8.03 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 13.58 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.