Rating Alert: Analysts at JP Morgan Cazenove Reconfirmed their Underweight rating for Kingfisher PLC (LON:KGF) with GBX 280.00 Price Objective

November 23, 2016 - By Dolores Ford

Kingfisher PLC (LON:KGF) Rating

Investment analysts at JP Morgan Cazenove have GBX 280.00 price target on Kingfisher PLC (LON:KGF). JP Morgan Cazenove’s price target would suggest a potential downside of -22.46% from the company’s previous close. The rating was revealed to clients and investors in a note on 23 November.

Kingfisher plc (LON:KGF) Ratings Coverage

Out of 28 analysts covering Kingfisher PLC (LON:KGF), 4 rate it a “Buy”, 13 “Sell”, while 11 “Hold”. This means 14% are positive. GBX 435 is the highest target while GBX 260 is the lowest. The GBX 342.19 average target is -4.92% below today’s (GBX 359.9) stock price. Kingfisher PLC has been the topic of 181 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Monday, December 14 the stock rating was maintained by Investec with “Sell”. The stock has “Buy” rating given by Goldman Sachs on Tuesday, November 24. The company was maintained on Tuesday, November 24 by Morgan Stanley. The firm has “Sell” rating given on Tuesday, November 24 by Haitong Securities. The company was maintained on Tuesday, August 11 by Bernstein. The rating was maintained by RBC Capital Markets with “Underperform” on Monday, August 3. The rating was maintained by Nomura with “Reduce” on Wednesday, March 9. As per Wednesday, June 8, the company rating was maintained by Haitong Securities. RBC Capital Markets maintained Kingfisher plc (LON:KGF) on Thursday, March 3 with “Underperform” rating. The stock has “Hold” rating given by Societe Generale on Tuesday, June 28.

About 1.58M shares traded hands. Kingfisher plc (LON:KGF) has declined 0.80% since April 26, 2016 and is downtrending. It has underperformed by 6.13% the S&P500.

Kingfisher plc is a home improvement company. The company has a market cap of 8.08 billion GBP. The Firm is engaged in the supply of home improvement services and products through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. It has a 19.8 P/E ratio. The Company’s divisions include France, UK & Ireland, and Other International.

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