Credit Suisse Group AG reissued their outperform rating on shares of Kingfisher plc (LON:KGF) in a research report sent to investors on Friday. The brokerage currently has a GBX 430 ($5.61) target price on the home improvement retailer’s stock.
Other equities analysts have also recently issued research reports about the stock. Liberum Capital reissued a sell rating and issued a GBX 275 ($3.59) price target on shares of Kingfisher plc in a research report on Thursday, August 18th. BNP Paribas reissued an outperform rating and issued a GBX 420 ($5.48) price target on shares of Kingfisher plc in a research report on Monday, June 13th. Jefferies Group cut shares of Kingfisher plc to a hold rating and decreased their price target for the company from GBX 420 ($5.48) to GBX 340 ($4.44) in a research report on Tuesday, July 5th. Societe Generale raised shares of Kingfisher plc to a hold rating and decreased their price target for the company from GBX 359 ($4.69) to GBX 351 ($4.58) in a research report on Friday, August 5th. Finally, Haitong Bank reissued a sell rating and issued a GBX 275 ($3.59) price target on shares of Kingfisher plc in a research report on Wednesday, July 13th. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Kingfisher plc currently has an average rating of Hold and an average target price of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) opened at 380.40 on Friday. 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 8.64 billion. The company has a 50 day moving average price of GBX 371.48 and a 200 day moving average price of GBX 358.22.
The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be paid a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.88%.
In other Kingfisher plc news, insider Karen Witts sold 12,652 shares of Kingfisher plc stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of GBX 366 ($4.78), for a total value of £46,306.32 ($60,444.22).
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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