Beaufort Securities Reaffirms Hold Rating for Kingfisher plc (KGF)

Beaufort Securities reaffirmed their hold rating on shares of Kingfisher plc (LON:KGF) in a research report report published on Wednesday morning.

Analyst Recommendations for Kingfisher plc (LON:KGF)

Other analysts have also issued research reports about the company. BNP Paribas restated a  neutral rating on shares of Kingfisher plc in a report on Monday, September 12th. Royal Bank Of Canada reduced their target price on Kingfisher plc from GBX 350 ($4.57) to GBX 325 ($4.24) and set a  underperform rating for the company in a report on Monday, July 11th. Goldman Sachs Group Inc. restated a buy rating and issued a GBX 435 ($5.68) target price on shares of Kingfisher plc in a report on Wednesday, May 25th. Jefferies Group upgraded Kingfisher plc to a buy rating and increased their price objective for the stock from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. Finally, Societe Generale reiterated a hold rating on shares of Kingfisher plc in a report on Tuesday, June 28th. Ten investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 342.26 ($4.47).

Shares of Kingfisher plc (LON:KGF) opened at 374.00 on Wednesday. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 387.00. The stock has a 50 day moving average price of GBX 367.25 and a 200 day moving average price of GBX 356.60. The stock’s market cap is GBX 8.49 billion.

The company also recently announced a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 6th will be paid a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, October 6th.

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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