Kingfisher plc (KGF) Receives Hold Rating from Deutsche Bank AG
Deutsche Bank AG reaffirmed their hold rating on shares of Kingfisher plc (LON:KGF) in a report issued on Monday. They currently have a GBX 370 ($4.62) target price on the home improvement retailer’s stock.
A number of other research firms have also weighed in on KGF. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 430 ($5.37) target price on shares of Kingfisher plc in a research note on Tuesday, September 20th. Haitong Bank reiterated a sell rating and issued a GBX 260 ($3.25) target price (down previously from GBX 270 ($3.37)) on shares of Kingfisher plc in a research note on Tuesday, September 20th. BNP Paribas lowered Kingfisher plc to a neutral rating and set a GBX 410 ($5.12) target price on the stock. in a research note on Friday, September 9th. Barclays PLC reiterated an underweight rating and issued a GBX 285 ($3.56) target price on shares of Kingfisher plc in a research note on Thursday, August 25th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 390 ($4.87) target price on shares of Kingfisher plc in a research note on Tuesday, September 6th. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Kingfisher plc has an average rating of Hold and an average price target of GBX 343.84 ($4.30).
Kingfisher plc (LON:KGF) traded down 2.73% during trading on Monday, hitting GBX 359.60. The stock had a trading volume of 11,787,978 shares. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 390.60. The stock’s 50-day moving average is GBX 365.01 and its 200-day moving average is GBX 357.20. The stock’s market capitalization is GBX 8.17 billion.
The business also recently disclosed a dividend, which was paid on Friday, November 11th. Shareholders of record on Thursday, October 6th were paid a dividend of GBX 3.25 ($0.04) per share. This represents a yield of 0.88%. The ex-dividend date was Thursday, October 6th.
In other Kingfisher plc news, insider Karen Witts sold 12,652 shares of the business’s stock in a transaction on Tuesday, September 27th. The stock was 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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