Kingfisher plc (KGF) Price Target Cut to GBX 360 by Analysts at Deutsche Bank AG
Kingfisher plc (LON:KGF) had its price objective lowered by stock analysts at Deutsche Bank AG from GBX 370 ($4.83) to GBX 360 ($4.70) in a research note issued on Wednesday. The firm currently has a “hold” rating on the home improvement retailer’s stock. Deutsche Bank AG’s price objective points to a potential downside of 2.39% from the company’s current price.
Several other equities research analysts have also commented on KGF. HSBC reissued a “hold” rating and issued a GBX 355 ($4.63) price target on shares of Kingfisher plc in a report on Tuesday, May 24th. Haitong Bank reissued a “sell” rating and issued a GBX 290 ($3.79) price target on shares of Kingfisher plc in a report on Tuesday, May 24th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 425 ($5.55) target price on shares of Kingfisher plc in a report on Tuesday, May 24th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 435 ($5.68) target price on shares of Kingfisher plc in a report on Wednesday, May 25th. Finally, Jefferies Group raised shares of Kingfisher plc to a “buy” rating and upped their target price for the stock from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. 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 company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 341.68 ($4.46).
Kingfisher plc (LON:KGF) opened at 375.40 on Wednesday. Kingfisher plc has a 1-year low of GBX 300.10 and a 1-year high of GBX 387.00. The company has a 50-day moving average of GBX 363.56 and a 200 day moving average of GBX 355.95. The stock’s market cap is GBX 8.59 billion.
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The business also recently declared a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be paid a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.88%.
In related news, insider Parekh,Rakhi purchased 6,124 shares of the company’s stock in a transaction on Monday, June 27th. The shares were bought at an average cost of GBX 335 ($4.37) per share, for a total transaction 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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