Does Kingfisher plc Have Any Gas After Today’s Huge Decline?

 Does Kingfisher plc Have Any Gas After Today's Huge Decline?

The stock of Kingfisher plc (LON:KGF) is a huge mover today! The stock increased 0.78% or GBX 2.79 on November 23, hitting GBX 360.79. About 15.38 million shares traded hands or 55.51% up from the average. Kingfisher plc (LON:KGF) has declined 0.80% since April 26, 2016 and is downtrending. It has underperformed by 6.13% the S&P500.
The move comes after 6 months negative chart setup for the GBX 8.10 billion company. It was reported on Nov, 23 by Barchart.com. We have GBX 349.97 PT which if reached, will make LON:KGF worth GBX 243.00 million less.

Kingfisher plc (LON:KGF) Ratings Coverage

Out of 28 analysts covering Kingfisher PLC (LON:KGF), 4 rate it a “Buy”, 13 “Sell”, while 11 “Hold”. This means 14% are positive. GBX 435 is the highest target while GBX 260 is the lowest. The GBX 342.19 average target is -5.16% below today’s (GBX 360.79) stock price. Kingfisher PLC has been the topic of 181 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Kingfisher plc (LON:KGF) has “Hold” rating given on Thursday, September 3 by Deutsche Bank. The firm has “Outperform” rating given on Thursday, March 31 by Credit Suisse. Jefferies maintained Kingfisher plc (LON:KGF) on Tuesday, May 17 with “Buy” rating. The firm has “Sell” rating by Investec given on Tuesday, September 15. JP Morgan maintained the stock with “Underweight” rating in Tuesday, January 19 report. The firm has “Hold” rating given on Monday, January 4 by Deutsche Bank. The firm earned “Sell” rating on Friday, March 4 by Investec. The rating was maintained by Societe Generale on Tuesday, June 28 with “Hold”. On Thursday, March 10 the stock rating was maintained by AlphaValue with “Add”. The firm has “Neutral” rating given on Monday, September 12 by BNP Paribas.

Kingfisher plc is a home improvement company. The company has a market cap of 8.10 billion GBP. The Firm is engaged in the supply of home improvement services and products through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. It has a 19.84 P/E ratio. The Company’s divisions include France, UK & Ireland, and Other International.

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