Kingfisher (KGF) Trading Up 1.4%

Kingfisher plc (LON:KGF) was up 1.4% on Tuesday . The stock traded as high as GBX 358.30 ($4.95) and last traded at GBX 356.80 ($4.93). Approximately 6,301,019 shares were traded during trading, a decline of 19% from the average daily volume of 7,790,000 shares. The stock had previously closed at GBX 352 ($4.86).

Several equities research analysts have recently weighed in on KGF shares. Jefferies Group reissued a “hold” rating and set a GBX 310 ($4.28) price objective on shares of Kingfisher in a research note on Thursday, November 2nd. Barclays reissued an “underweight” rating on shares of Kingfisher in a research note on Monday, November 6th. Royal Bank of Canada raised Kingfisher to a “sector performer” rating and raised their price objective for the stock from GBX 300 ($4.14) to GBX 325 ($4.49) in a research note on Friday, November 17th. Deutsche Bank reissued a “hold” rating and set a GBX 325 ($4.49) price objective on shares of Kingfisher in a research note on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 288 ($3.98) price objective on shares of Kingfisher in a research note on Wednesday, November 22nd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 335.79 ($4.64).

The firm has a market cap of $7,710.00 and a price-to-earnings ratio of 1,372.31.

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About Kingfisher

Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.

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