Kingfisher plc’s (KGF) “Neutral” Rating Reaffirmed at Goldman Sachs Group Inc
Kingfisher plc (LON:KGF)‘s stock had its “neutral” rating restated by equities research analysts at Goldman Sachs Group Inc in a report released on Thursday. They presently have a GBX 350 ($4.55) target price on the home improvement retailer’s stock. Goldman Sachs Group Inc’s target price indicates a potential upside of 4.79% from the company’s current price.
A number of other research analysts also recently issued reports on KGF. Haitong Bank reaffirmed a “sell” rating and set a GBX 270 ($3.51) price target on shares of Kingfisher plc in a report on Friday, February 3rd. Jefferies Group LLC lowered their price target on Kingfisher plc from GBX 335 ($4.36) to GBX 325 ($4.23) and set a “hold” rating on the stock in a report on Tuesday, February 7th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 380 ($4.94) price target on shares of Kingfisher plc in a report on Wednesday, February 15th. JPMorgan Chase & Co. upped their price target on Kingfisher plc from GBX 280 ($3.64) to GBX 288 ($3.75) and gave the company an “underweight” rating in a report on Tuesday, March 14th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a GBX 330 ($4.29) price target on shares of Kingfisher plc in a report on Wednesday, March 22nd. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 326.29 ($4.24).
Shares of Kingfisher plc (LON:KGF) traded down 0.84% during midday trading on Thursday, hitting GBX 331.20. The stock had a trading volume of 6,351,666 shares. The stock’s market cap is GBX 7.40 billion. Kingfisher plc has a 12 month low of GBX 269.60 and a 12 month high of GBX 390.60. The stock’s 50-day moving average is GBX 338.50 and its 200-day moving average is GBX 340.97.
The business also recently declared a dividend, which will be paid on Monday, June 19th. Shareholders of record on Thursday, May 4th will be given a GBX 7.15 ($0.09) dividend. This is a boost from Kingfisher plc’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, May 4th. This represents a yield of 2.18%.
Kingfisher plc Company Profile
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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