Reaffirmed: Kingfisher (LON:KGF) “Hold” Rating Reemphasized by Analysts at Numis; GBX 355 Target in Place


Kingfisher (LON:KGF) Rating Reaffirmed

Kingfisher (LON:KGF) just had their share rating of a ‘”Hold”‘ issued by research analysts at Numis, who now has a GBX 355 target on the 7.72B GBP market cap company or a 5.56% upside potential. This key information was disclosed to clients in analysts note on Wednesday, 9 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 4.89% above today’s (GBX 334.9) stock price. Kingfisher PLC was the topic of 70 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 7 with “Underperform” rating. JP Morgan maintained shares with “Underweight” rating and GBX 320 target share price in a report from a December 2. Bernstein maintained KGF stock in a recent report from December 4 with “Outperform” rating. Barclays Capital maintained the rating on December 1. Barclays Capital has a “Underweight” rating and a GBX 285 price target on shares. Finally, AlphaValue maintained the stock with “Add” rating in a report issued on a December 3.

Approximately 8.14 million shares of stock traded hands or 19.35% up from the average. Kingfisher plc (LON:KGF) has declined 5.01% since May 12, 2015 and is downtrending. It has underperformed by 4.21% the S&P500.

Reaffirmed: Kingfisher (LON:KGF)

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of 7.72 billion GBP. The Firm operates over 1,200 stores in 11 countries across Europe and China. It has 13.09 P/E ratio. The Company’s divisions include UK & Ireland, France and Other International.