Kingfisher plc Stock Rating Reaffirmed by Numis Securities Ltd (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “hold” rating restated by stock analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 450 ($7.64) price target on the stock. Numis Securities Ltd’s target price suggests a potential upside of 21.65% from the stock’s previous close.
Shares of Kingfisher plc (LON:KGF) traded down 2.19% during mid-day trading on Tuesday, hitting GBX 361.80. 7,837,078 shares of the company’s stock traded hands. Kingfisher plc has a one year low of GBX 330.40 and a one year high of GBX 512.00. The stock has a 50-day moving average of GBX 404.1 and a 200-day moving average of GBX 395.8. The company’s market cap is £8.560 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 25th. Investors 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.
KGF has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd downgraded shares of Kingfisher plc to a “sell” rating in a research note on Tuesday. They now have a GBX 350 ($5.94) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Kingfisher plc in a research note on Tuesday, June 10th. They now have a GBX 510 ($8.66) price target on the stock. Finally, 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 ($7.64) price target on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 428.05 ($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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