Kingfisher plc -6.2% potential downside indicated by Jefferies

Kingfisher plc with ticker (LON:KGF) now has a potential downside of -6.2% according to Jefferies.

KGF.L

Jefferies set a target price of 250 GBX for the company, which when compared to the Kingfisher plc share price of 266 GBX at opening today (16/07/2024) indicates a potential downside of -6.2%. Trading has ranged between 198 (52 week low) and 275 (52 week high) with an average of 6,986,917 shares exchanging hands daily. The market capitalisation at the time of writing is £4,997,943,460.

Kingfisher plc is an international home improvement company. The Company supplies home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. It operates in eight countries across Europe under banners, including B&Q, Castorama, Brico Depot, Screwfix, TradePoint and Koctas. It offers home improvement products and services to consumers and trade professionals who shop in its stores and via its e-commerce channels. Its segments include UK & Ireland, France, Poland and Other International. The UK & Ireland segment consists of B&Q in the United Kingdom and Ireland and Screwfix in the United Kingdom and Ireland. France segment consists of Castorama France and Brico Depot France. Other International segment consists of Poland, Iberia, Romania, Other, and Turkey (Koctas JV). Screwfix is a multi-channel supplier of trade tools, plumbing, electrical, bathrooms and kitchens.