Several brokerages have updated their recommendations and price targets on shares of Kingfisher (LON: KGF) in the last few weeks:

  • 2/5/2019 – Kingfisher was downgraded by analysts at Goldman Sachs Group Inc to a “neutral” rating. They now have a GBX 260 ($3.40) price target on the stock, down previously from GBX 270 ($3.53).
  • 2/1/2019 – Kingfisher had its “sell” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 205 ($2.68) price target on the stock, down previously from GBX 225 ($2.94).
  • 1/25/2019 – Kingfisher had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 220 ($2.87) to GBX 200 ($2.61). They now have an “underweight” rating on the stock.
  • 1/21/2019 – Kingfisher was downgraded by analysts at Royal Bank of Canada to an “underperform” rating. They now have a GBX 200 ($2.61) price target on the stock, down previously from GBX 240 ($3.14).
  • 1/10/2019 – Kingfisher was downgraded by analysts at HSBC Holdings plc to a “hold” rating.

Shares of KGF traded up GBX 4.50 ($0.06) during mid-day trading on Monday, reaching GBX 228.10 ($2.98). The company’s stock had a trading volume of 4,152,566 shares, compared to its average volume of 9,940,000. Kingfisher plc has a 1-year low of GBX 285.30 ($3.73) and a 1-year high of GBX 369.80 ($4.83).

In other news, insider Karen Witts sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of GBX 240 ($3.14), for a total value of £1,524 ($1,991.38). Over the last ninety days, insiders bought 198 shares of company stock valued at $45,050.

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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