Kingfisher (KGF) Shares Up 1.8%

Kingfisher plc (LON:KGF) shares shot up 1.8% on Friday . The stock traded as high as GBX 348.60 ($4.73) and last traded at GBX 348.10 ($4.72). 6,717,560 shares were traded during mid-day trading, a decline of 3% from the average session volume of 6,920,000 shares. The stock had previously closed at GBX 341.90 ($4.64).

KGF has been the topic of a number of analyst reports. Investec restated a “sell” rating and issued a GBX 268 ($3.63) price target on shares of Kingfisher in a research note on Monday, November 6th. Deutsche Bank lifted their price target on Kingfisher from GBX 325 ($4.41) to GBX 345 ($4.68) and gave the company a “hold” rating in a research note on Tuesday, January 2nd. decreased their price target on Kingfisher from GBX 440 ($5.97) to GBX 380 ($5.15) and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Jefferies Group restated a “hold” rating and issued a GBX 310 ($4.20) price target on shares of Kingfisher in a research note on Tuesday, September 26th. Finally, Numis Securities restated a “hold” rating and issued a GBX 325 ($4.41) price target on shares of Kingfisher in a research note on Thursday, September 21st. Six 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 company has a consensus rating of “Hold” and an average price target of GBX 332.57 ($4.51).

The stock has a market capitalization of $7,530.00 and a price-to-earnings ratio of 1,338.85.

In other news, insider Veronique Laury sold 2,294 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($4.11), for a total value of £6,950.82 ($9,426.12). Over the last three months, insiders bought 140 shares of company stock valued at $45,066.

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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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