Credit Suisse Group AG Reaffirms Outperform Rating for Kingfisher plc (KGF)
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reissued by Credit Suisse Group AG in a research report issued on Friday. They presently have a GBX 430 ($5.61) target price on the home improvement retailer’s stock. Credit Suisse Group AG’s price target indicates a potential upside of 14.61% from the company’s previous close.
Several other research firms also recently commented on KGF. Haitong Bank reaffirmed a “sell” rating and issued a GBX 260 ($3.39) price objective (down from GBX 270 ($3.52)) on shares of Kingfisher plc in a report on Tuesday, September 20th. BNP Paribas downgraded shares of Kingfisher plc to a “neutral” rating and set a GBX 410 ($5.35) price objective on the stock. in a report on Friday, September 9th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 285 ($3.72) price objective on shares of Kingfisher plc in a report on Thursday, August 25th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 390 ($5.09) price objective on shares of Kingfisher plc in a report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 280 ($3.65) price objective on shares of Kingfisher plc in a report on Thursday, September 1st. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Kingfisher plc presently has an average rating of “Hold” and a consensus price target of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) opened at 375.20 on Friday. The stock’s market capitalization is GBX 8.52 billion. The company’s 50-day moving average is GBX 371.89 and its 200 day moving average is GBX 358.34. Kingfisher plc has a 1-year low of GBX 300.10 and a 1-year high of GBX 390.60.
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 3.25 ($0.04) per share. This represents a yield of 0.88%. The ex-dividend date of this dividend is Thursday, October 6th.
In other Kingfisher plc news, insider Karen Witts sold 12,652 shares of the company’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of GBX 366 ($4.78), for a total transaction 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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