J P Morgan Chase & Co Reiterates Underweight Rating for Kingfisher (KGF)

Kingfisher (LON:KGF)‘s stock had its “underweight” rating reissued by investment analysts at J P Morgan Chase & Co in a report issued on Friday. They presently have a GBX 288 ($3.88) target price on the home improvement retailer’s stock. J P Morgan Chase & Co’s price target suggests a potential downside of 13.17% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Jefferies Group raised shares of Kingfisher to a “buy” rating and lifted their price objective for the stock from GBX 310 ($4.17) to GBX 400 ($5.38) in a report on Wednesday, November 22nd. Deutsche Bank reaffirmed a “hold” rating and set a GBX 325 ($4.37) price objective on shares of Kingfisher in a report on Wednesday, November 22nd. Royal Bank of Canada raised shares of Kingfisher to a “sector performer” rating and lifted their price objective for the stock from GBX 300 ($4.04) to GBX 325 ($4.37) in a report on Friday, November 17th. Investec reaffirmed a “sell” rating and set a GBX 268 ($3.61) price objective on shares of Kingfisher in a report on Monday, November 6th. Finally, Credit Suisse Group began coverage on shares of Kingfisher in a report on Monday, November 6th. They set an “outperform” rating and a GBX 410 ($5.52) price objective on the stock. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 331.14 ($4.46).

Kingfisher (LON:KGF) opened at GBX 331.70 ($4.46) on Friday. Kingfisher has a fifty-two week low of GBX 269.60 ($3.63) and a fifty-two week high of GBX 369.80 ($4.98).

In other news, insider Andrew Cosslett acquired 99,802 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were acquired at an average cost of GBX 301 ($4.05) per share, for a total transaction of £300,404.02 ($404,312.27). Also, insider Veronique Laury sold 2,294 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of GBX 303 ($4.08), for a total value of £6,950.82 ($9,355.07). Insiders purchased a total of 99,897 shares of company stock worth $30,070,573 over the last 90 days.

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Kingfisher 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 (LON:KGF)

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