Kingfisher plc 22.9% Potential Decrease Indicated by HSBC

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Kingfisher plc with EPIC/TICKER (LON:KGF) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘REDUCE’ today by analysts at HSBC. Kingfisher plc are listed in the Consumer Services sector within UK Main Market. HSBC have set their target price at 150 GBX on its stock. This would imply the analyst believes there is a potential downside of -22.9% from today’s opening price of 194.45 GBX. Over the last 30 and 90 trading days the company share price has decreased 23.25 points and increased 3.95 points respectively. The 1 year high for the stock price is 268.2 GBX while the 52 week low for the share price is 185.9 GBX.

Kingfisher plc has a 50 day moving average of 210.44 GBX and the 200 Day Moving Average price is recorded at 223.40. There are currently 2,110,127,306 shares in issue with the average daily volume traded being 10,185,801. Market capitalisation for LON:KGF is £4,158,005,920 GBP.

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