Kingfisher (KGF) Price Target Raised to GBX 345 at Deutsche Bank

Kingfisher (LON:KGF) had its price objective upped by Deutsche Bank from GBX 325 ($4.35) to GBX 345 ($4.61) in a report issued on Tuesday morning. They currently have a hold rating on the home improvement retailer’s stock.

KGF has been the subject of a number of other research reports. Jefferies Group reiterated a hold rating and set a GBX 310 ($4.14) price target on shares of Kingfisher in a research note on Thursday, November 2nd. JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 288 ($3.85) price target on shares of Kingfisher in a research note on Friday, October 6th. Barclays reiterated an underweight rating on shares of Kingfisher in a research note on Monday, November 6th. Royal Bank of Canada upgraded Kingfisher to a sector performer rating and lifted their price target for the company from GBX 300 ($4.01) to GBX 325 ($4.35) in a research note on Friday, November 17th. Finally, Goldman Sachs Group upgraded Kingfisher to a buy rating and lifted their price target for the company from GBX 330 ($4.41) to GBX 375 ($5.01) in a research note on Monday, October 30th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 332.57 ($4.45).

Kingfisher (LON:KGF) traded down GBX 1.20 ($0.02) during mid-day trading on Tuesday, reaching GBX 342.20 ($4.58). The company’s stock had a trading volume of 5,022,425 shares, compared to its average volume of 8,450,000. The firm has a market cap of $7,410.00 and a P/E ratio of 1,316.15. Kingfisher has a fifty-two week low of GBX 285.30 ($3.81) and a fifty-two week high of GBX 369.80 ($4.94).

In related news, insider Veronique Laury sold 2,294 shares of Kingfisher stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of GBX 303 ($4.05), for a total value of £6,950.82 ($9,293.78). Insiders purchased a total of 140 shares of company stock worth $45,066 in the last ninety days.

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About Kingfisher

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 (LON:KGF)

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