Kingfisher’s (LON:KGF) Sell Rating Reaffirmed at UBS Group

UBS Group reiterated their sell rating on shares of Kingfisher (LON:KGF) in a report released on Friday, February 1st, reports. UBS Group currently has a GBX 205 ($2.68) price target on the home improvement retailer’s stock, down from their previous price target of GBX 225 ($2.94).

Several other brokerages have also recently issued reports on KGF. HSBC cut Kingfisher to a hold rating in a research note on Thursday, January 10th. Credit Suisse Group restated an outperform rating on shares of Kingfisher in a research note on Monday, November 12th. Royal Bank of Canada restated a sector performer rating on shares of Kingfisher in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Kingfisher from GBX 220 ($2.87) to GBX 200 ($2.61) and set an underweight rating for the company in a research note on Friday, January 25th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 270.63 ($3.54).

Shares of KGF stock opened at GBX 225.10 ($2.94) on Friday. 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 Kingfisher 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 three months, insiders acquired 198 shares of company stock worth $45,050.

About Kingfisher

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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