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).

COPYRIGHT VIOLATION WARNING: “Kingfisher plc (KGF) Earns “Hold” Rating from Jefferies Group LLC” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.com-unik.info/2017/11/02/kingfisher-plc-kgf-earns-hold-rating-from-jefferies-group-llc.html.

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.

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