Kingfisher (LON:KGF)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 500 ($7.94) price objective on the stock. Citigroup Inc.’s price target indicates a potential upside of 24.88% from the stock’s previous close.
Shares of Kingfisher (LON:KGF) opened at 400.40 on Thursday. Kingfisher has a 52 week low of GBX 260.90 and a 52 week high of GBX 421.60. The stock’s 50-day moving average is GBX 395.8 and its 200-day moving average is GBX 344.8. The company’s market cap is £9.441 billion.
A number of other firms have also recently commented on KGF. Analysts at HSBC reiterated an “overweight” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Friday, September 13th. They now have a GBX 480 ($7.62) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kingfisher (LON:KGF) in a research note to investors on Thursday, September 12th. They now have a GBX 425 ($6.75) price target on the stock. Finally, analysts at Seymour Pierce raised their price target on shares of Kingfisher (LON:KGF) from GBX 300 ($4.76) to GBX 400 ($6.35) in a research note to investors on Thursday, September 12th. They now have a “hold” rating on the stock.
Six analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 388.42 ($6.17).
Kingfisher plc is a home improvement retailer. The Company, through its subsidiaries, joint ventures and associates supply home improvement products and services through a network of retail stores and other channels, located in the United Kingdom, continental Europe and China.