JPMorgan Chase & Co. Cuts Kingfisher (OTCMKTS:KGFHY) Price Target to GBX 220

Kingfisher (OTCMKTS:KGFHYGet Rating) had its price target cut by research analysts at JPMorgan Chase & Co. from GBX 245 ($2.96) to GBX 220 ($2.66) in a note issued to investors on Wednesday, The Fly reports.

Other analysts also recently issued research reports about the stock. Societe Generale downgraded shares of Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. UBS Group lowered shares of Kingfisher from a “neutral” rating to a “sell” rating in a report on Friday, August 12th. Jefferies Financial Group cut shares of Kingfisher from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kingfisher from GBX 305 ($3.69) to GBX 270 ($3.26) in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from, the stock presently has an average rating of “Hold” and an average target price of $288.33.

Kingfisher Trading Down 1.8 %

OTCMKTS:KGFHY opened at $5.49 on Wednesday. The business’s 50-day simple moving average is $5.97 and its 200 day simple moving average is $6.43. Kingfisher has a one year low of $5.28 and a one year high of $10.28.

About Kingfisher

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Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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