HSBC Reiterates “Overweight” Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “overweight” rating reaffirmed by HSBC in a research note issued on Monday. They currently have a GBX 450 ($7.54) target price on the stock. HSBC’s target price would suggest a potential upside of 14.80% from the stock’s previous close.
A number of other firms have also recently commented on KGF. Analysts at Societe Generale reiterated a “hold” rating on shares of Kingfisher plc in a research note on Friday. They now have a GBX 425 ($7.12) price target on the stock. Separately, analysts at Barclays downgraded shares of Kingfisher plc to an “equal weight” rating in a research note on Friday. They now have a GBX 420 ($7.04) price target on the stock, down previously from GBX 460 ($7.71). Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Kingfisher plc in a research note on Friday. They now have a GBX 490 ($8.21) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Kingfisher plc has a consensus rating of “Hold” and an average target price of GBX 429.72 ($7.20).
Shares of Kingfisher plc (LON:KGF) opened at 391.80 on Monday. Kingfisher plc has a 52 week low of GBX 330.40 and a 52 week high of GBX 512.00. The stock has a 50-day moving average of GBX 415.8 and a 200-day moving average of GBX 396.2. The company’s market cap is £9.270 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 25th. Investors of record on Wednesday, June 25th will be given a dividend of GBX 4.20 ($0.07) per share. This represents a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, June 25th.
Kingfisher plc is a home improvement retailer. The Company, through its subsidiaries, joint ventures and associates supply home improvement products and services through a network of retail stores and other channels, located in the United Kingdom, continental Europe and China.
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