Kingfisher (LON:KGF)‘s stock had its “overweight” rating reaffirmed by research analysts at HSBC in a report released on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 450 ($6.87) price objective on the stock. HSBC’s price target indicates a potential upside of 14.80% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale raised their price target on shares of Kingfisher from GBX 293 ($4.47) to GBX 392 ($5.98) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Kingfisher from GBX 385 ($5.88) to GBX 455 ($6.94) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Charles Stanley downgraded shares of Kingfisher from a “hold” rating to a “reduce” rating in a research note to investors on Wednesday.
Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 353.69 ($5.40).
Shares of Kingfisher (LON: KGF) traded down 1.35% during mid-day trading on Thursday, hitting GBX 386.70. Kingfisher has a one year low of GBX 257.50 and a one year high of GBX 401.10. The stock’s 50-day moving average is currently GBX 276.. The company’s market cap is £9.092 billion.
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.
