Kingfisher plc Receives “Outperform” Rating from Sanford C. Bernstein (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reaffirmed by Sanford C. Bernstein in a research note issued on Tuesday. They currently have a GBX 510 ($8.57) price target on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 32.06% from the stock’s previous close.
Shares of Kingfisher plc (LON:KGF) traded down 0.34% during mid-day trading on Tuesday, hitting GBX 384.90. The stock had a trading volume of 1,891,940 shares. Kingfisher plc has a 1-year low of GBX 330.40 and a 1-year high of GBX 512.00. The stock’s 50-day moving average is GBX 409.3 and its 200-day moving average is GBX 396.2. The company’s market cap is £9.107 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 25th. Shareholders of record on Wednesday, June 25th will be paid a dividend of GBX 4.20 ($0.07) per share. This represents a dividend yield of 1.06%. The ex-dividend date is Wednesday, June 25th.
Several other analysts have also recently commented on the stock. Analysts at HSBC reiterated an “overweight” rating on shares of Kingfisher plc in a research note on Monday, June 2nd. They now have a GBX 450 ($7.57) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Kingfisher plc in a research note on Friday, May 30th. They now have a GBX 425 ($7.15) price target on the stock. Finally, analysts at Barclays downgraded shares of Kingfisher plc to an “equal weight” rating in a research note on Friday, May 30th. They now have a GBX 420 ($7.06) price target on the stock, down previously from GBX 460 ($7.73). Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 432.22 ($7.27).
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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