Kingfisher plc to Issue Dividend of GBX 3.25 (KGF)
Kingfisher plc (LON:KGF) declared a dividend on Tuesday, September 20th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 3.25 ($0.04) per share by the home improvement retailer on Friday, November 11th. This represents a yield of 0.88%. The ex-dividend date of this dividend is Thursday, October 6th. The official announcement can be seen at this link.
A number of research firms have recently commented on KGF. Credit Suisse Group AG restated an “outperform” rating and set a GBX 430 ($5.61) target price on shares of Kingfisher plc in a research report on Tuesday. Haitong Bank restated a “sell” rating and set a GBX 260 ($3.39) target price (down from GBX 270 ($3.52)) on shares of Kingfisher plc in a research report on Tuesday. Jefferies Group cut Kingfisher plc to a “hold” rating and dropped their target price for the company from GBX 420 ($5.48) to GBX 340 ($4.44) in a research report on Tuesday, July 5th. Liberum Capital restated a “sell” rating and set a GBX 275 ($3.59) target price on shares of Kingfisher plc in a research report on Thursday, August 18th. Finally, BNP Paribas restated an “outperform” rating and set a GBX 420 ($5.48) target price on shares of Kingfisher plc in a research report on Monday, June 13th. Ten equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 337.21 ($4.40).
Kingfisher plc (LON:KGF) traded down 2.10% during mid-day trading on Tuesday, hitting GBX 368.80. The stock had a trading volume of 21,119,729 shares. Kingfisher plc has a one year low of GBX 300.10 and a one year high of GBX 387.00. The company’s market cap is GBX 8.44 billion. The company has a 50 day moving average price of GBX 363.56 and a 200-day moving average price of GBX 355.95.
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In related news, insider Parekh,Rakhi purchased 6,124 shares of the firm’s stock in a transaction on Monday, June 27th. The shares were bought at an average price of GBX 335 ($4.37) per share, for a total transaction of £20,515.40 ($26,779.01).
About Kingfisher plc
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.
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