Goldman Sachs Group downgraded shares of Kingfisher (LON:KGF) to a neutral rating in a report released on Tuesday, February 5th. The brokerage currently has GBX 260 ($3.40) price objective on the home improvement retailer’s stock, down from their prior price objective of GBX 270 ($3.53).
Several other equities research analysts also recently weighed in on the company. UBS Group reaffirmed a sell rating and set a GBX 205 ($2.68) price target (down from GBX 225 ($2.94)) on shares of Kingfisher in a report on Friday, February 1st. JPMorgan Chase & Co. cut their price objective on Kingfisher from GBX 220 ($2.87) to GBX 200 ($2.61) and set an underweight rating for the company in a research report on Friday, January 25th. Royal Bank of Canada cut Kingfisher to an underperform rating and cut their price objective for the stock from GBX 240 ($3.14) to GBX 200 ($2.61) in a research report on Monday, January 21st. HSBC cut Kingfisher to a hold rating in a research report on Thursday, January 10th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Kingfisher in a research report on Monday, November 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Kingfisher presently has a consensus rating of Hold and an average target price of GBX 261.25 ($3.41).
Shares of LON KGF traded up GBX 3.40 ($0.04) during mid-day trading on Tuesday, hitting GBX 245.50 ($3.21). 5,197,711 shares of the company were exchanged, compared to its average volume of 9,940,000. Kingfisher has a 1-year low of GBX 285.30 ($3.73) and a 1-year high of GBX 369.80 ($4.83).
In related news, insider Karen Witts sold 635 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of GBX 240 ($3.14), for a total transaction of £1,524 ($1,991.38). In the last ninety days, insiders have purchased 201 shares of company stock worth $44,996.
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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