Kingfisher plc’s (KGF) “Hold” Rating Reaffirmed at HSBC
Kingfisher plc (LON:KGF)‘s stock had its “hold” rating reiterated by investment analysts at HSBC in a report issued on Thursday. They currently have a GBX 380 ($4.75) target price on the home improvement retailer’s stock. HSBC’s price objective suggests a potential upside of 4.40% from the stock’s current price.
A number of other brokerages have also weighed in on KGF. Credit Suisse Group AG restated an “outperform” rating and set a GBX 430 ($5.37) target price on shares of Kingfisher plc in a research report on Tuesday, September 20th. Haitong Bank restated a “sell” rating and set a GBX 260 ($3.25) target price (down previously from GBX 270 ($3.37)) on shares of Kingfisher plc in a research report on Tuesday, September 20th. BNP Paribas lowered shares of Kingfisher plc to a “neutral” rating and set a GBX 410 ($5.12) target price for the company. in a research report on Friday, September 9th. Barclays PLC restated an “underweight” rating and set a GBX 285 ($3.56) target price on shares of Kingfisher plc in a research report on Thursday, August 25th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 390 ($4.87) target price on shares of Kingfisher plc in a research report on Tuesday, September 6th. Ten analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Kingfisher plc has an average rating of “Hold” and a consensus price target of GBX 343.58 ($4.29).
Kingfisher plc (LON:KGF) opened at 366.00 on Thursday. The firm has a 50 day moving average of GBX 365.49 and a 200-day moving average of GBX 357.07. The stock’s market cap is GBX 8.31 billion. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 390.60.
The business also recently declared a dividend, which was paid on Friday, November 11th. Investors of record on Thursday, October 6th were paid a GBX 3.25 ($0.04) dividend. This represents a yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 6th.
In related news, insider Karen Witts sold 12,652 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of GBX 366 ($4.57), for a total value of £46,306.32 ($57,853.97).
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.
Receive News & Stock Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related stocks with our FREE daily email newsletter.