Kingfisher plc (KGF) Receives Consensus Recommendation of “Hold” from Analysts
Kingfisher plc (LON:KGF) has been assigned an average recommendation of “Hold” from the twenty-three brokerages that are presently covering the firm. Ten analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 339.29 ($4.14).
A number of analysts have weighed in on the company. Societe Generale upgraded Kingfisher plc to a “hold” rating and decreased their price target for the stock from GBX 359 ($4.38) to GBX 351 ($4.28) in a report on Friday, August 5th. BNP Paribas downgraded Kingfisher plc to a “neutral” rating and set a GBX 410 ($5.00) price target for the company. in a report on Friday, September 9th. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 430 ($5.24) price target on shares of Kingfisher plc in a report on Tuesday, September 20th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 280 ($3.41) price target on shares of Kingfisher plc in a report on Wednesday, September 21st. Finally, Goldman Sachs Group Inc. downgraded Kingfisher plc to a “neutral” rating and set a GBX 375 ($4.57) price target for the company. in a report on Monday, June 27th.
In related news, insider Karen Witts sold 12,652 shares of Kingfisher plc stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of GBX 366 ($4.46), for a total value of £46,306.32 ($56,436.71).
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Kingfisher plc (LON:KGF) traded up 0.64% during mid-day trading on Wednesday, reaching GBX 363.80. The company had a trading volume of 11,142,757 shares. The stock has a 50 day moving average price of GBX 371.74 and a 200 day moving average price of GBX 358.24. The company’s market capitalization is GBX 8.26 billion. Kingfisher plc has a one year low of GBX 300.10 and a one year high of GBX 390.60.
The firm also recently disclosed 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%.
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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