Kingfisher plc (KGF) Given Average Recommendation of “Hold” by Brokerages
Kingfisher plc (LON:KGF) has been given an average rating of “Hold” by the twenty-three brokerages that are currently covering the company. Ten equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 341.06 ($4.26).
KGF has been the topic of several research reports. HSBC restated a “hold” rating and issued a GBX 380 ($4.75) target price on shares of Kingfisher plc in a research report on Thursday, November 17th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 280 ($3.50) target price on shares of Kingfisher plc in a research report on Tuesday, September 27th. Haitong Bank restated 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 report on Tuesday, September 20th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 430 ($5.37) target price on shares of Kingfisher plc in a research report on Friday, September 30th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Kingfisher plc in a research report on Monday, August 1st.
In other news, insider Karen Witts sold 12,652 shares of the business’s stock in a transaction dated 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).
Kingfisher plc (LON:KGF) traded down 0.39% during trading on Friday, reaching GBX 356.90. The company had a trading volume of 4,444,033 shares. The company’s 50-day moving average is GBX 362.93 and its 200 day moving average is GBX 357.21. Kingfisher plc has a 52 week low of GBX 300.10 and a 52 week high of GBX 390.60. The firm’s market capitalization is GBX 8.11 billion.
The company also recently announced a dividend, which was paid on Friday, November 11th. Stockholders of record on Thursday, October 6th were issued a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 6th.
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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.
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