Kingfisher plc (LON:KGF) Receives “Buy” Rating from HSBC Holdings plc

Kingfisher plc (LON:KGF)‘s stock had its “buy” rating reiterated by investment analysts at HSBC Holdings plc in a research note issued to investors on Friday. They presently have a GBX 440 ($5.75) price target on the home improvement retailer’s stock. HSBC Holdings plc’s price target would suggest a potential upside of 45.79% from the stock’s previous close.

KGF has been the subject of several other reports. Morgan Stanley raised Kingfisher plc to an “overweight” rating and upped their target price for the company from GBX 290 ($3.79) to GBX 380 ($4.96) in a report on Wednesday, July 12th. Numis Securities Ltd raised Kingfisher plc to a “hold” rating and set a GBX 325 ($4.24) target price for the company in a report on Thursday, March 23rd. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 288 ($3.76) target price on shares of Kingfisher plc in a report on Monday, May 8th. Deutsche Bank AG reduced their target price on Kingfisher plc from GBX 370 ($4.83) to GBX 360 ($4.70) and set a “hold” rating for the company in a report on Friday, March 24th. Finally, Barclays PLC began coverage on Kingfisher plc in a report on Thursday, March 30th. They issued an “underweight” rating and a GBX 300 ($3.92) target price for the company. Eight equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Kingfisher plc presently has an average rating of “Hold” and a consensus price target of GBX 330.19 ($4.31).

Kingfisher plc (LON KGF) opened at 301.80 on Friday. The company’s market cap is GBX 6.74 billion. Kingfisher plc has a 52 week low of GBX 269.60 and a 52 week high of GBX 390.60. The stock’s 50 day moving average price is GBX 306.45 and its 200-day moving average price is GBX 328.22.

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In other news, insider Karen Witts sold 36,780 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of GBX 304 ($3.97), for a total value of £111,811.20 ($146,005.75). In the last ninety days, insiders bought 143 shares of company stock worth $44,778.

Kingfisher plc Company Profile

Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.

Analyst Recommendations for Kingfisher plc (LON:KGF)

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