Kingfisher plc (KGF) PT Lowered to GBX 335 at Jefferies Group
Kingfisher plc (LON:KGF) had its price objective lowered by Jefferies Group from GBX 350 ($4.34) to GBX 335 ($4.15) in a report released on Tuesday morning. The brokerage currently has a hold rating on the home improvement retailer’s stock.
Several other equities research analysts also recently commented on KGF. Beaufort Securities reiterated a hold rating on shares of Kingfisher plc in a report on Friday, August 19th. Societe Generale reiterated a hold rating and set a GBX 362 ($4.48) target price on shares of Kingfisher plc in a report on Wednesday, September 21st. Haitong Bank reiterated a sell rating and set a GBX 275 ($3.41) target price on shares of Kingfisher plc in a report on Wednesday, August 31st. Goldman Sachs Group Inc. reiterated a neutral rating and set a GBX 390 ($4.83) target price on shares of Kingfisher plc in a report on Tuesday, September 6th. Finally, BNP Paribas reiterated an outperform rating and set a GBX 400 ($4.95) target price on shares of Kingfisher plc in a report on Friday, August 26th. Ten investment 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. The company has a consensus rating of Hold and a consensus price target of GBX 342.79 ($4.25).
Shares of Kingfisher plc (LON:KGF) opened at 360.40 on Tuesday. Kingfisher plc has a 12-month low of GBX 300.10 and a 12-month high of GBX 390.60. The firm’s market capitalization is GBX 8.18 billion. The stock has a 50 day moving average price of GBX 367.30 and a 200 day moving average price of GBX 357.24.
The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.88%.
In related news, insider Karen Witts sold 12,652 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of GBX 366 ($4.53), for a total transaction of £46,306.32 ($57,359.49).
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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