Kingfisher plc (LON:KGF) Price Target Cut to GBX 325 by Analysts at Deutsche Bank AG

Kingfisher plc (LON:KGF) had its target price reduced by investment analysts at Deutsche Bank AG from GBX 355 ($4.79) to GBX 325 ($4.38) in a report issued on Friday, September 8th. The firm currently has a “hold” rating on the home improvement retailer’s stock. Deutsche Bank AG’s price target indicates a potential upside of 10.47% from the stock’s current price.

Several other equities analysts have also commented on KGF. Barclays PLC reaffirmed an “underweight” rating and set a GBX 300 ($4.04) target price on shares of Kingfisher plc in a report on Friday, August 11th. Beaufort Securities reaffirmed a “hold” rating on shares of Kingfisher plc in a report on Friday, August 18th. Investec reaffirmed a “sell” rating and set a GBX 268 ($3.61) target price on shares of Kingfisher plc in a report on Thursday, August 17th. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 288 ($3.88) price objective on shares of Kingfisher plc in a report on Monday, September 4th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a GBX 440 ($5.93) price objective on shares of Kingfisher plc in a report on Wednesday, June 7th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 329.87 ($4.45).

Shares of Kingfisher plc (LON:KGF) opened at 294.20 on Friday. Kingfisher plc has a 52-week low of GBX 269.60 and a 52-week high of GBX 390.60. The company’s market capitalization is GBX 6.57 billion. The stock’s 50 day moving average price is GBX 298.04 and its 200 day moving average price is GBX 317.17.

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In other news, insider Karen Witts sold 36,780 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of GBX 304 ($4.10), for a total value of £111,811.20 ($150,749.90). Insiders bought 151 shares of company stock valued at $44,974 in the last 90 days.

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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