Kingfisher plc (KGF) Earns “Hold” Rating from Jefferies Group LLC

Kingfisher plc (LON:KGF)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research report issued on Thursday. They presently have a GBX 310 ($4.09) target price on the home improvement retailer’s stock. Jefferies Group LLC’s price objective would suggest a potential downside of 0.83% from the company’s previous close.

Several other research analysts also recently weighed in on KGF. Barclays PLC restated an “underweight” rating and set a GBX 300 ($3.96) price objective on shares of Kingfisher plc in a report on Friday, August 11th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 288 ($3.80) price objective on shares of Kingfisher plc in a report on Monday, September 4th. Deutsche Bank AG lowered their price objective on shares of Kingfisher plc from GBX 355 ($4.68) to GBX 325 ($4.29) and set a “hold” rating on the stock in a report on Friday, September 8th. Credit Suisse Group restated an “outperform” rating on shares of Kingfisher plc in a report on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Kingfisher plc to a “buy” rating and upped their price objective for the stock from GBX 330 ($4.35) to GBX 375 ($4.95) in a report on Monday. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Kingfisher plc currently has an average rating of “Hold” and a consensus target price of GBX 325.07 ($4.29).

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In related news, insider Andrew Cosslett purchased 99,802 shares of Kingfisher plc stock in a transaction that occurred on Tuesday, October 3rd. The stock was bought at an average price of GBX 301 ($3.97) per share, for a total transaction of £300,404.02 ($396,415.97). Also, insider Veronique Laury sold 2,294 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of GBX 303 ($4.00), for a total transaction of £6,950.82 ($9,172.37). In the last 90 days, insiders have purchased 99,952 shares of company stock valued at $30,085,421.

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.

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