JPMorgan Chase & Co. Cuts Kingfisher (LON:KGF) Price Target to GBX 190

Kingfisher (LON:KGF) had its price target trimmed by JPMorgan Chase & Co. from GBX 200 ($2.61) to GBX 190 ($2.48) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has an underweight rating on the home improvement retailer’s stock.

A number of other research analysts also recently issued reports on the stock. Credit Suisse Group cut their target price on shares of Kingfisher from GBX 240 ($3.14) to GBX 220 ($2.87) and set a neutral rating on the stock in a research report on Tuesday, June 25th. Royal Bank of Canada cut their target price on shares of Kingfisher from GBX 220 ($2.87) to GBX 215 ($2.81) and set an underperform rating on the stock in a research report on Monday, May 20th. Finally, UBS Group restated a sell rating on shares of Kingfisher in a research report on Thursday, May 16th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Kingfisher has an average rating of Hold and a consensus target price of GBX 227.14 ($2.97).

Kingfisher stock opened at GBX 193.40 ($2.53) on Friday. The company has a current ratio of 1.28, a quick ratio of 0.22 and a debt-to-equity ratio of 2.67. Kingfisher has a 1 year low of GBX 189.25 ($2.47) and a 1 year high of GBX 283.30 ($3.70). The company has a market cap of $4.08 billion and a PE ratio of 18.96. The company’s 50-day moving average is GBX 216.33 and its two-hundred day moving average is GBX 229.46.

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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