Numis Securities Ltd Reiterates Hold Rating for Kingfisher plc (KGF)
Numis Securities Ltd reaffirmed their hold rating on shares of Kingfisher plc (LON:KGF) in a research note published on Thursday, May 25th. The firm currently has a GBX 325 ($4.14) price target on the home improvement retailer’s stock.
KGF has been the subject of several other reports. Investec reissued a sell rating and set a GBX 268 ($3.41) price objective on shares of Kingfisher plc in a research note on Wednesday, May 24th. Credit Suisse Group lowered their price objective on shares of Kingfisher plc from GBX 430 ($5.48) to GBX 410 ($5.22) and set an outperform rating for the company in a research note on Wednesday, May 24th. HSBC Holdings plc raised shares of Kingfisher plc to a buy rating and boosted their price objective for the company from GBX 380 ($4.84) to GBX 440 ($5.61) in a research note on Wednesday, May 17th. J P Morgan Chase & Co reissued an underweight rating and set a GBX 288 ($3.67) price objective on shares of Kingfisher plc in a research note on Monday, May 15th. Finally, Haitong Bank reissued a sell rating and set a GBX 275 ($3.50) price objective on shares of Kingfisher plc in a research note on Wednesday, March 22nd. Eight research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 326.29 ($4.16).
Shares of Kingfisher plc (LON:KGF) traded down 1.88% on Thursday, reaching GBX 302.20. The company had a trading volume of 6,128,544 shares. The firm’s market capitalization is GBX 6.75 billion. The firm has a 50-day moving average price of GBX 332.36 and a 200 day moving average price of GBX 335.11. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60.
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The company also recently disclosed a dividend, which was paid on Monday, June 19th. Shareholders of record on Thursday, May 4th were issued a GBX 7.15 ($0.09) dividend. The ex-dividend date was Thursday, May 4th. This represents a yield of 2.18%. This is a positive change from Kingfisher plc’s previous dividend of $3.25.
About Kingfisher plc
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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