Kingfisher (KGF) Lowered to “Neutral” at Goldman Sachs Group

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Goldman Sachs Group cut shares of Kingfisher (LON:KGF) to a neutral rating in a research report released on Tuesday morning. Goldman Sachs Group currently has GBX 260 ($3.40) target price on the home improvement retailer’s stock, down from their prior target price of GBX 270 ($3.53).

Several other research analysts have also weighed in on KGF. Royal Bank of Canada reissued a sector performer rating on shares of Kingfisher in a research report on Tuesday, October 16th. Credit Suisse Group reissued an outperform rating on shares of Kingfisher in a research report on Monday, October 22nd. HSBC lowered Kingfisher to a hold rating and lowered their price objective for the stock from GBX 350 ($4.57) to GBX 240 ($3.14) in a research report on Thursday, November 22nd. JPMorgan Chase & Co. lowered their price objective on Kingfisher from GBX 240 ($3.14) to GBX 220 ($2.87) and set an underweight rating for the company in a research report on Friday, November 23rd. Finally, UBS Group reissued a sell rating and issued a GBX 225 ($2.94) price objective (down from GBX 260 ($3.40)) on shares of Kingfisher in a research report on Wednesday, November 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Kingfisher has a consensus rating of Hold and a consensus target price of GBX 270.63 ($3.54).

KGF stock opened at GBX 230.60 ($3.01) on Tuesday. Kingfisher 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 dated 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 90 days, insiders bought 198 shares of company stock valued at $45,050.

Kingfisher Company Profile

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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Analyst Recommendations for Kingfisher (LON:KGF)

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