Deutsche Bank AG Lowers Kingfisher plc (KGF) Price Target to GBX 360
Kingfisher plc (LON:KGF) had its price objective decreased by research analysts at Deutsche Bank AG from GBX 370 ($4.83) to GBX 360 ($4.70) in a research note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Deutsche Bank AG’s target price indicates a potential downside of 5.44% from the stock’s current price.
A number of other research firms have also weighed in on KGF. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 425 ($5.55) target price on shares of Kingfisher plc in a report on Wednesday, August 24th. Liberum Capital reiterated a “sell” rating and set a GBX 275 ($3.59) target price on shares of Kingfisher plc in a report on Thursday, August 18th. HSBC reiterated a “hold” rating and set a GBX 355 ($4.63) target price on shares of Kingfisher plc in a report on Tuesday, May 24th. Jefferies Group upgraded shares of Kingfisher plc to a “buy” rating and increased their target price for the stock from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 285 ($3.72) target price on shares of Kingfisher plc in a report on Thursday, August 25th. Ten analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) traded up 3.23% on Wednesday, hitting GBX 380.70. The stock had a trading volume of 13,300,726 shares. The company’s market cap is GBX 8.72 billion. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 387.00. The stock’s 50-day moving average is GBX 364.73 and its 200-day moving average is GBX 356.22.
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The company also recently disclosed a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.88%.
In other news, insider Parekh,Rakhi acquired 6,124 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were purchased at an average cost 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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