Numis Securities Ltd Reiterates “Reduce” Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “reduce” rating reiterated by stock analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They presently have a GBX 325 ($4.24) target price on the home improvement retailer’s stock. Numis Securities Ltd’s price objective points to a potential downside of 14.63% from the stock’s current price.
Other research analysts also recently issued reports about the stock. BNP Paribas reissued a ” neutral” rating on shares of Kingfisher plc in a report on Monday, September 12th. Royal Bank Of Canada cut their price target on shares of Kingfisher plc from GBX 350 ($4.57) to GBX 325 ($4.24) and set a ” underperform” rating for the company in a report on Monday, July 11th. Jefferies Group raised shares of Kingfisher plc to a “buy” rating and raised their price target for the company from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 435 ($5.68) price target on shares of Kingfisher plc in a report on Wednesday, May 25th. Finally, Societe Generale reissued a “hold” rating on shares of Kingfisher plc in a report on Tuesday, June 28th. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price 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. 13,300,726 shares of the company’s stock were exchanged. Kingfisher plc has a one year low of GBX 300.10 and a one year high of GBX 387.00. The company has a 50 day moving average price of GBX 364.73 and a 200-day moving average price of GBX 356.22. The stock’s market cap is GBX 8.72 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 issued 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 firm’s stock in a transaction dated 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).
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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