Kingfisher (KGF) Earns “Sell” Rating from UBS Group

UBS Group reaffirmed their sell rating on shares of Kingfisher (LON:KGF) in a research report released on Wednesday, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 225 ($2.94) price objective on the home improvement retailer’s stock, down from their prior price objective of GBX 260 ($3.40).

A number of other research firms also recently weighed in on KGF. Royal Bank of Canada restated a sector performer rating and issued a GBX 330 ($4.31) price target on shares of Kingfisher in a research note on Thursday, August 16th. Deutsche Bank decreased their price target on Kingfisher from GBX 315 ($4.12) to GBX 305 ($3.99) and set a hold rating for the company in a research note on Friday, August 17th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 275 ($3.59) price target (down from GBX 302 ($3.95)) on shares of Kingfisher in a research note on Friday, August 17th. Credit Suisse Group decreased their price target on Kingfisher from GBX 425 ($5.55) to GBX 355 ($4.64) and set an outperform rating for the company in a research note on Tuesday, September 11th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 400 ($5.23) price target on shares of Kingfisher in a research note on Tuesday, September 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Kingfisher currently has an average rating of Hold and a consensus price target of GBX 308.13 ($4.03).

KGF stock opened at GBX 250 ($3.27) on Wednesday. Kingfisher has a twelve month low of GBX 285.30 ($3.73) and a twelve month high of GBX 369.80 ($4.83).

The business also recently declared a dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 4th were paid a GBX 3.33 ($0.04) dividend. The ex-dividend date was Thursday, October 4th. This represents a yield of 1.35%.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

Further Reading: Diversification in Investing

Analyst Recommendations for Kingfisher (LON:KGF)

Receive News & Ratings for Kingfisher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit