Kingfisher plc (LON:KGF)‘s stock had its “sell” rating reaffirmed by stock analysts at Investec in a note issued to investors on Friday, May 12th. They presently have a GBX 268 ($3.39) price objective on the home improvement retailer’s stock. Investec’s target price suggests a potential downside of 12.36% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 325 ($4.11) price objective on shares of Kingfisher plc in a research note on Tuesday, May 9th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 288 ($3.64) target price on shares of Kingfisher plc in a research note on Monday, May 8th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 380 ($4.81) price objective on shares of Kingfisher plc in a report on Monday, April 24th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 430 ($5.44) price objective on shares of Kingfisher plc in a report on Wednesday, April 19th. Finally, BNP Paribas cut their target price on shares of Kingfisher plc from GBX 315 ($3.98) to GBX 260 ($3.29) and set an “underperform” rating for the company in a report on Monday, April 3rd. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 326.29 ($4.13).
Shares of Kingfisher plc (KGF) traded up 1.43% during trading on Friday, hitting GBX 305.80. 17,327,719 shares of the stock traded hands. The firm’s market capitalization is GBX 6.83 billion. The firm has a 50-day moving average of GBX 334.22 and a 200-day moving average of GBX 336.05. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60.
The company also recently declared a dividend, which will be paid on Monday, June 19th. Investors of record on Thursday, May 4th will be given a dividend of GBX 7.15 ($0.09) per share. This represents a dividend yield of 2.18%. This is a boost from Kingfisher plc’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, May 4th.
Kingfisher plc Company Profile
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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