Kingfisher price target lowered to 291 GBp from 303 GBp at Jefferies

Jefferies lowered the firm’s price target on Kingfisher (KGFHY) to 291 GBp from 303 GBp and keeps a Hold rating on the shares. In late March, Kingfisher reported a “solid” FY26, and while cash generation and capital returns remain attractive, subdued UK momentum, ongoing structural challenges in France, and limited near-term growth visibility temper the firm’s outlook into FY27, the analyst tells investors in a research note.