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Kingfisher plc 20.5% Potential Decrease Indicated by JP Morgan Cazenove

Kingfisher plc using EPIC/TICKER code (LON:KGF) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Kingfisher plc are listed in the Consumer Services sector within UK Main Market. JP Morgan Cazenove have set a target price of 190 GBX on its stock. This would indicate that the analyst believes there is a downside of -20.5% from the opening price of 239 GBX. Over the last 30 and 90 trading days the company share price has increased 18 points and increased 12.1 points respectively. The 1 year high stock price is 351.8 GBX while the year low stock price is currently 202.7 GBX.

Kingfisher plc has a 50 day moving average of 216.73 GBX and a 200 Day Moving Average share price is recorded at 232.40. There are currently 2,110,113,288 shares in issue with the average daily volume traded being 6,890,988. Market capitalisation for LON:KGF is £5,129,685,531 GBP.