Kingfisher price target lowered to 270 GBp from 296 GBp at Jefferies

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Nov 25 2024

0mins

Price Target Adjustment: Jefferies has reduced Kingfisher's price target from 296 GBp to 270 GBp while maintaining a Hold rating due to disappointing Q3 results and lowered profit guidance for FY25.
Cautious Outlook: The firm expresses concerns about the near-term recovery, particularly in France, citing a weak macroeconomic environment and ongoing competitive challenges.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.