Kingfisher plc Stock Rating Reaffirmed by Sanford C. Bernstein (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reiterated by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 510 ($8.66) price target on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 38.40% from the company’s current price.
A number of other firms have also recently commented on KGF. Analysts at Credit Suisse cut their price target on shares of Kingfisher plc from GBX 475 ($8.06) to GBX 450 ($7.64) in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kingfisher plc in a research note on Tuesday. They now have a GBX 450 ($7.64) price target on the stock. Finally, 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. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 426.66 ($7.24).
Shares of Kingfisher plc (LON:KGF) opened at 368.60 on Friday. 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 400.5 and its 200-day moving average is GBX 395.4. The company’s market cap is £8.721 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.