Kingfisher plc (KGF) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They presently have a GBX 280 ($3.50) price objective on the home improvement retailer’s stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 24.14% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on KGF. Barclays PLC reduced their price target on shares of Kingfisher plc from GBX 300 ($3.75) to GBX 285 ($3.56) and set an “underweight” rating for the company in a research report on Friday, July 22nd. Royal Bank Of Canada reissued an “underperform” rating on shares of Kingfisher plc in a research report on Monday, August 1st. Jefferies Group reissued a “hold” rating and issued a GBX 340 ($4.25) price target on shares of Kingfisher plc in a research report on Thursday, August 4th. Credit Suisse Group AG reduced their price target on shares of Kingfisher plc from GBX 425 ($5.31) to GBX 415 ($5.18) and set an “outperform” rating for the company in a research report on Thursday, August 4th. Finally, Societe Generale raised shares of Kingfisher plc to a “hold” rating and reduced their price target for the company from GBX 359 ($4.49) to GBX 351 ($4.39) in a research report on Friday, August 5th. Ten equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 343.58 ($4.29).
Kingfisher plc (LON:KGF) opened at 368.00 on Wednesday. The company has a 50-day moving average of GBX 365.53 and a 200-day moving average of GBX 357.15. Kingfisher plc has a 52 week low of GBX 300.10 and a 52 week high of GBX 390.60. The stock’s market capitalization is GBX 8.36 billion.
The company also recently disclosed a dividend, which was paid on Friday, November 11th. Investors of record on Thursday, October 6th were paid a dividend of GBX 3.25 ($0.04) per share. This represents a dividend 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 company’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of GBX 366 ($4.57), for a total transaction of £46,306.32 ($57,853.97).
About Kingfisher plc
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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