Kingfisher plc (KGF) Receives Outperform Rating from Credit Suisse Group AG
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reissued by stock analysts at Credit Suisse Group AG in a note issued to investors on Friday. They presently have a GBX 430 ($5.61) price objective on the home improvement retailer’s stock. Credit Suisse Group AG’s target price suggests a potential upside of 15.90% from the company’s previous close.
A number of other research firms have also recently commented on KGF. Liberum Capital restated a “sell” rating and issued a GBX 275 ($3.59) price target on shares of Kingfisher plc in a report on Thursday, August 18th. Deutsche Bank AG cut their price target on shares of Kingfisher plc from GBX 370 ($4.83) to GBX 360 ($4.70) and set a “hold” rating on the stock in a report on Wednesday, September 21st. Barclays PLC restated an “underweight” rating and issued a GBX 285 ($3.72) price target on shares of Kingfisher plc in a report on Thursday, August 25th. Haitong Bank reiterated a “sell” rating and set a GBX 275 ($3.59) target price on shares of Kingfisher plc in a report on Wednesday, August 31st. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 340 ($4.44) target price on shares of Kingfisher plc in a report on Thursday, August 4th. Ten research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) traded down 1.12% on Friday, hitting GBX 371.00. 13,381,939 shares of the stock traded hands. The company’s market capitalization is GBX 8.43 billion. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 390.60. The firm has a 50-day moving average price of GBX 372.25 and a 200-day moving average price of GBX 358.43.
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The business also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be paid a GBX 3.25 ($0.04) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.88%.
In related news, insider Karen Witts sold 12,652 shares of Kingfisher plc stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of GBX 366 ($4.78), for a total value of £46,306.32 ($60,444.22).
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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