Kingfisher plc (KGF) Receives “Sell” Rating from Haitong Bank
Kingfisher plc (LON:KGF)‘s stock had its “sell” rating restated by analysts at Haitong Bank in a research note issued on Tuesday. They presently have a GBX 275 ($3.44) target price on the home improvement retailer’s stock. Haitong Bank’s price objective suggests a potential downside of 25.62% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 370 ($4.62) price target on shares of Kingfisher plc in a report on Monday. HSBC reaffirmed a “hold” rating and set a GBX 380 ($4.75) price target on shares of Kingfisher plc in a report on Thursday, November 17th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 280 ($3.50) price target on shares of Kingfisher plc in a report on Wednesday, November 16th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 430 ($5.37) price target on shares of Kingfisher plc in a report on Thursday, November 10th. Finally, Jefferies Group lowered their price target on Kingfisher plc from GBX 350 ($4.37) to GBX 335 ($4.19) and set a “hold” rating on the stock in a report on Tuesday, November 8th. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Kingfisher plc has a consensus rating of “Hold” and an average target price of GBX 344.11 ($4.30).
Kingfisher plc (LON:KGF) opened at 361.20 on Tuesday. The firm has a 50-day moving average price of GBX 365.01 and a 200 day moving average price of GBX 357.20. The company’s market cap is GBX 8.20 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 disclosed a dividend, which was paid on Friday, November 11th. Stockholders of record on Thursday, October 6th were paid a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 0.88%. The ex-dividend date was Thursday, October 6th.
In other news, insider Karen Witts sold 12,652 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of GBX 366 ($4.57), for a total value 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.
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.