Kingfisher plc (KGF) Given “Reduce” Rating at Numis Securities Ltd
Kingfisher plc (LON:KGF)‘s stock had its “reduce” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 325 ($4.24) target price on the home improvement retailer’s stock. Numis Securities Ltd’s target price points to a potential downside of 11.88% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Credit Suisse Group AG restated an “outperform” rating and set a GBX 425 ($5.55) target price on shares of Kingfisher plc in a research note on Friday, June 24th. Royal Bank Of Canada cut their target price on Kingfisher plc from GBX 350 ($4.57) to GBX 325 ($4.24) and set a ” underperform” rating for the company in a research note on Monday, July 11th. Societe Generale restated a “hold” rating on shares of Kingfisher plc in a research note on Tuesday, June 28th. Jefferies Group cut Kingfisher plc to a “hold” rating and cut their target price for the stock from GBX 420 ($5.48) to GBX 340 ($4.44) in a research note on Tuesday, July 5th. Finally, Barclays PLC cut their target price on Kingfisher plc from GBX 300 ($3.92) to GBX 285 ($3.72) and set an “underweight” rating for the company in a research note on Friday, July 22nd. Ten equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Kingfisher plc currently has an average rating of “Hold” and an average target price of GBX 341.68 ($4.46).
Kingfisher plc (LON:KGF) opened at 375.40 on Wednesday. The stock has a 50 day moving average price of GBX 363.56 and a 200 day moving average price of GBX 355.95. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 387.00. The company’s market capitalization is GBX 8.59 billion.
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The business 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 related news, insider Parekh,Rakhi acquired 6,124 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were bought at an average price 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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