Kingfisher plc (KGF) Research Coverage Started at Credit Suisse Group

Analysts at Credit Suisse Group started coverage on shares of Kingfisher plc (LON:KGF) in a report issued on Monday. The firm set an “outperform” rating and a GBX 410 ($5.39) price target on the home improvement retailer’s stock. Credit Suisse Group’s target price points to a potential upside of 29.50% from the company’s previous close.

Other equities analysts have also issued reports about the company. Barclays PLC reiterated an “underweight” rating on shares of Kingfisher plc in a research note on Monday. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 288 ($3.79) price objective on shares of Kingfisher plc in a research note on Monday. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 325 ($4.27) price objective on shares of Kingfisher plc in a research note on Monday. Investec reiterated a “sell” rating and issued a GBX 268 ($3.52) price objective on shares of Kingfisher plc in a research note on Monday. Finally, Beaufort Securities reiterated a “hold” rating on shares of Kingfisher plc in a research note on Friday, August 18th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 325.07 ($4.28).

Kingfisher plc (LON:KGF) traded down GBX 0.50 ($0.01) during trading on Monday, hitting GBX 316.60 ($4.16). The stock had a trading volume of 7,401,833 shares, compared to its average volume of 8,000,000. Kingfisher plc has a twelve month low of GBX 269.60 ($3.55) and a twelve month high of GBX 371.20 ($4.88).

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In other news, insider Veronique Laury sold 2,294 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($3.99), for a total value of £6,950.82 ($9,142.21). Also, insider Andrew Cosslett bought 99,802 shares of Kingfisher plc stock in a transaction dated Tuesday, October 3rd. The stock was acquired at an average cost of GBX 301 ($3.96) per share, for a total transaction of £300,404.02 ($395,112.48). Over the last quarter, insiders bought 99,952 shares of company stock worth $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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