Kingfisher plc (KGF) Given “Outperform” Rating at Credit Suisse Group AG
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating restated by analysts at Credit Suisse Group AG in a research report issued on Friday. They currently have a GBX 430 ($5.61) target price on the home improvement retailer’s stock. Credit Suisse Group AG’s price objective points to a potential upside of 15.13% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. BNP Paribas reaffirmed a ” neutral” rating on shares of Kingfisher plc in a research note on Monday, September 12th. Royal Bank Of Canada decreased 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 research note on Monday, July 11th. Jefferies Group downgraded shares of Kingfisher plc to a “hold” rating and decreased their price target for the company from GBX 420 ($5.48) to GBX 340 ($4.44) in a research note on Tuesday, July 5th. Societe Generale raised shares of Kingfisher plc to a “hold” rating and decreased their price target for the company from GBX 359 ($4.69) to GBX 351 ($4.58) in a research note on Friday, August 5th. Finally, HSBC reissued a “hold” rating and set a GBX 310 ($4.05) target price on shares of Kingfisher plc in a research report on Wednesday, August 10th. Ten research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Kingfisher plc currently has an average rating of “Hold” and an average target price of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) opened at 373.50 on Friday. The company’s market capitalization is GBX 8.48 billion. Kingfisher plc has a 12-month low of GBX 300.10 and a 12-month high of GBX 387.00. The firm has a 50-day moving average of GBX 369.30 and a 200 day moving average of GBX 357.42.
The business also recently declared a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 6th will be issued a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, October 6th.
In other news, insider Karen Witts sold 12,652 shares of the 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).
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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