Kingfisher plc (LON:KGF) Lifted to “Overweight” at Morgan Stanley

Kingfisher plc (LON:KGF) was upgraded by research analysts at Morgan Stanley to an “overweight” rating in a report issued on Wednesday, July 12th. The brokerage currently has a GBX 380 ($4.95) price objective on the home improvement retailer’s stock, up from their prior price objective of GBX 290 ($3.78). Morgan Stanley’s price target indicates a potential upside of 24.02% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 440 ($5.73) price target on shares of Kingfisher plc in a report on Friday, June 30th. Barclays PLC restated an “underweight” rating on shares of Kingfisher plc in a report on Monday, June 26th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 350 ($4.56) target price on shares of Kingfisher plc in a report on Tuesday, June 20th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 288 ($3.75) price target on shares of Kingfisher plc in a report on Wednesday, June 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a GBX 325 ($4.23) price target on shares of Kingfisher plc in a report on Monday, June 5th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 330.19 ($4.30).

Kingfisher plc (LON:KGF) remained flat at GBX 306.40 during midday trading on Wednesday. 5,755,053 shares of the stock were exchanged. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60. The company has a 50-day moving average of GBX 302.64 and a 200-day moving average of GBX 323.72. The company’s market cap is GBX 6.84 billion.

WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.com-unik.info/2017/08/11/kingfisher-plc-lonkgf-raised-to-overweight-at-morgan-stanley-updated-updated-updated.html.

In related news, insider Karen Witts sold 36,780 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of GBX 304 ($3.96), for a total transaction of £111,811.20 ($145,606.46). Insiders have purchased 143 shares of company stock worth $44,778 over the last three months.

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)

What are top analysts saying about Kingfisher plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kingfisher plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit