Kingfisher plc (KGF) Given Underweight Rating at JPMorgan Chase & Co.
Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday.
Other research analysts have also recently issued research reports about the stock. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 430 ($5.61) price target on shares of Kingfisher plc in a report on Tuesday. Haitong Bank reiterated a “sell” rating and issued 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 lowered shares of 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 report on Tuesday, July 5th. Liberum Capital reiterated a “sell” rating and issued a GBX 275 ($3.59) target price on shares of Kingfisher plc in a research report on Thursday, August 18th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 420 ($5.48) target price on shares of Kingfisher plc in a research report on Monday, June 13th. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 337.21 ($4.40).
Kingfisher plc (LON:KGF) opened at 370.60 on Wednesday. The company’s market capitalization is GBX 8.48 billion. 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.
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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 given a dividend of GBX 3.25 ($0.04) per share. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Parekh,Rakhi purchased 6,124 shares of Kingfisher plc stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average price of GBX 335 ($4.37) per share, with a total value of £20,515.40 ($26,779.01).
Kingfisher plc Company Profile
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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