JPMorgan Chase & Co. Lowers Kingfisher (KGF) Price Target to GBX 275

Kingfisher (LON:KGF) had its price target reduced by research analysts at JPMorgan Chase & Co. from GBX 288 ($3.98) to GBX 275 ($3.80) in a research note issued to investors on Thursday. The firm presently has an “underweight” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 7.31% from the company’s previous close.

KGF has been the subject of several other research reports. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 410 ($5.66) target price on shares of Kingfisher in a report on Thursday, February 15th. Deutsche Bank reiterated a “hold” rating and issued a GBX 325 ($4.49) target price on shares of Kingfisher in a report on Wednesday, November 22nd. Stifel Nicolaus reiterated a “buy” rating on shares of Kingfisher in a report on Thursday. Jefferies Group upgraded shares of Kingfisher to a “buy” rating and lifted their target price for the company from GBX 310 ($4.28) to GBX 400 ($5.53) in a report on Wednesday, November 22nd. Finally, Goldman Sachs lifted their target price on shares of Kingfisher from GBX 375 ($5.18) to GBX 420 ($5.80) and gave the company a “buy” rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 337.33 ($4.66).

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Shares of Kingfisher stock opened at GBX 296.70 ($4.10) on Thursday. Kingfisher has a 1-year low of GBX 285.30 ($3.94) and a 1-year high of GBX 369.80 ($5.11). The firm has a market cap of $7,490.00 and a P/E ratio of 1,141.15.

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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.

Analyst Recommendations for Kingfisher (LON:KGF)

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