Kingfisher plc (KGF) Earns Underweight Rating from Barclays PLC

Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reissued by analysts at Barclays PLC in a note issued to investors on Monday.

A number of other brokerages also recently issued reports on KGF. Beaufort Securities reaffirmed a “hold” rating on shares of Kingfisher plc in a research report on Thursday, September 21st. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 325 ($4.29) price objective on shares of Kingfisher plc in a research report on Thursday, September 21st. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 288 ($3.80) price objective on shares of Kingfisher plc in a research report on Thursday, September 21st. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Kingfisher plc from GBX 325 ($4.29) to GBX 330 ($4.35) and gave the stock a “neutral” rating in a research report on Thursday, September 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 310 ($4.09) price objective on shares of Kingfisher plc in a research report on Thursday. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Kingfisher plc has an average rating of “Hold” and an average target price of GBX 325.07 ($4.29).

Shares of Kingfisher plc (KGF) opened at GBX 317.10 ($4.18) on Monday. Kingfisher plc has a 52-week low of GBX 269.60 ($3.56) and a 52-week high of GBX 371.20 ($4.90).

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

About Kingfisher plc

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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