Kingfisher plc (KGF) Receives “Underweight” Rating from JPMorgan Chase & Co.
Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a GBX 280 ($3.50) target price on the home improvement retailer’s stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 21.79% from the company’s previous close.
Several other equities research analysts have also recently issued reports on KGF. Royal Bank Of Canada reaffirmed 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. 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. Finally, HSBC reissued a “hold” rating and issued a GBX 310 ($3.87) price target on shares of Kingfisher plc in a research report on Wednesday, August 10th. Ten research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Kingfisher plc presently has an average rating of “Hold” and an average price target of GBX 343.84 ($4.30).
Shares of Kingfisher plc (LON:KGF) opened at 361.00 on Wednesday. The stock’s 50 day moving average is GBX 364.82 and its 200 day moving average is GBX 357.19. Kingfisher plc has a 1-year low of GBX 300.10 and a 1-year high of GBX 390.60. The stock’s market capitalization is GBX 8.20 billion.
The business also recently declared 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 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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