Credit Suisse Group Reiterates Outperform Rating for Kingfisher (KGF)

Kingfisher (LON:KGF)‘s stock had its “outperform” rating restated by analysts at Credit Suisse Group in a report issued on Monday, November 12th.

KGF has been the topic of several other reports. Citigroup raised shares of Kingfisher to a “neutral” rating in a report on Wednesday, July 25th. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 330 ($4.31) price objective on shares of Kingfisher in a report on Thursday, August 16th. Deutsche Bank cut their price objective on shares of Kingfisher from GBX 315 ($4.12) to GBX 305 ($3.99) and set a “hold” rating on the stock in a report on Friday, August 17th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 275 ($3.59) price objective (down from GBX 302 ($3.95)) on shares of Kingfisher in a report on Friday, August 17th. Finally, UBS Group cut their price target on shares of Kingfisher from GBX 265 ($3.46) to GBX 260 ($3.40) and set a “sell” rating on the stock in a report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Kingfisher currently has an average rating of “Hold” and an average price target of GBX 308.13 ($4.03).

Shares of LON:KGF traded down GBX 2.60 ($0.03) during trading on Monday, reaching GBX 228.40 ($2.98). The company’s stock had a trading volume of 14,542,042 shares, compared to its average volume of 9,940,000. Kingfisher has a 12 month low of GBX 285.30 ($3.73) and a 12 month high of GBX 369.80 ($4.83).

In other Kingfisher news, insider Karen Witts sold 635 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of GBX 240 ($3.14), for a total value of £1,524 ($1,991.38). Insiders have purchased 178 shares of company stock valued at $44,792 over the last 90 days.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

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Analyst Recommendations for Kingfisher (LON:KGF)

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