Kingfisher plc (KGF) Price Target Raised to GBX 365 at HSBC
Kingfisher plc (LON:KGF) had its price objective boosted by stock analysts at HSBC from GBX 335 ($4.37) to GBX 365 ($4.76) in a report released on Wednesday. The brokerage presently has a “hold” rating on the home improvement retailer’s stock. HSBC’s target price points to a potential downside of 1.03% from the stock’s current price.
A number of other brokerages have also issued reports on KGF. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 425 ($5.55) target price on shares of Kingfisher plc in a research report on Wednesday, August 24th. Liberum Capital reissued a “sell” rating and issued a GBX 275 ($3.59) price target on shares of Kingfisher plc in a report on Thursday, August 18th. Jefferies Group raised shares of Kingfisher plc to a “buy” rating and boosted their price target for the company from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. Barclays PLC reissued an “underweight” rating and issued a GBX 285 ($3.72) price target on shares of Kingfisher plc in a report on Thursday, August 25th. Finally, Haitong Bank reissued a “sell” rating and issued a GBX 275 ($3.59) price target on shares of Kingfisher plc in a report on Wednesday, August 31st. 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. Kingfisher plc has an average rating of “Hold” and a consensus target price of GBX 340.11 ($4.44).
Shares of Kingfisher plc (LON:KGF) opened at 375.00 on Wednesday. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 387.00. The firm’s 50 day moving average is GBX 363.56 and its 200-day moving average is GBX 355.95. The company’s market capitalization is GBX 8.59 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/kingfisher-plc-kgf-price-target-raised-to-gbx-365-at-hsbc.html
The firm also recently announced a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.88%.
In other Kingfisher plc news, insider Parekh,Rakhi bought 6,124 shares of the business’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.
Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with MarketBeat.com's FREE daily email newsletter.