Kingfisher plc (KGF) Given New GBX 365 Price Target at HSBC
Kingfisher plc (LON:KGF) had its target price hoisted by equities research analysts at HSBC from GBX 335 ($4.37) to GBX 365 ($4.76) in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the home improvement retailer’s stock. HSBC’s price target would suggest a potential downside of 4.12% from the company’s previous close.
Several other research firms have also commented on KGF. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 430 ($5.61) price target on shares of Kingfisher plc in a research report on Tuesday. Haitong Bank reaffirmed a “sell” rating and set a GBX 260 ($3.39) price target (down previously from GBX 270 ($3.52)) on shares of Kingfisher plc in a research report on Tuesday. BNP Paribas lowered shares of Kingfisher plc to a “neutral” rating and set a GBX 410 ($5.35) price target on the stock. in a research report on Friday, September 9th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 285 ($3.72) price target on shares of Kingfisher plc in a research report on Thursday, August 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 435 ($5.68) price target on shares of Kingfisher plc in a research report on Wednesday, May 25th. Ten analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Kingfisher plc presently has an average rating of “Hold” and a consensus price target of GBX 342.26 ($4.47).
Shares of Kingfisher plc (LON:KGF) traded up 3.23% during mid-day trading on Wednesday, reaching GBX 380.70. The company’s stock had a trading volume of 13,300,726 shares. Kingfisher plc has a one year low of GBX 300.10 and a one year high of GBX 387.00. The stock has a 50 day moving average of GBX 364.73 and a 200-day moving average of GBX 356.22. The stock’s market cap is GBX 8.72 billion.
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The company also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.88%.
In other news, insider Parekh,Rakhi purchased 6,124 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of GBX 335 ($4.37) per share, with a total value 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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