Numis Securities Ltd reissued their reduce rating on shares of Kingfisher plc (LON:KGF) in a research note issued to investors on Wednesday morning. The firm currently has a GBX 325 ($4.24) price objective on the home improvement retailer’s stock.
Several other research analysts have also weighed in on the stock. Beaufort Securities reiterated a hold rating on shares of Kingfisher plc in a research note on Wednesday, September 21st. HSBC increased their price target on shares of Kingfisher plc from GBX 335 ($4.37) to GBX 365 ($4.76) and gave the stock a hold rating in a research note on Wednesday, September 21st. JPMorgan Chase & Co. restated an underweight rating and set a GBX 280 ($3.65) price target on shares of Kingfisher plc in a research note on Wednesday, September 21st. Credit Suisse Group AG restated an outperform rating and set a GBX 430 ($5.61) price target on shares of Kingfisher plc in a research note on Tuesday, September 20th. Finally, Haitong Bank restated a sell rating and set a GBX 260 ($3.39) price target (down previously from GBX 270 ($3.52)) on shares of Kingfisher plc in a research note on Tuesday, September 20th. Ten equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 342.26 ($4.47).
Shares of Kingfisher plc (LON:KGF) opened at 368.00 on Wednesday. The stock has a 50 day moving average of GBX 368.31 and a 200-day moving average of GBX 356.90. The firm’s market cap is GBX 8.36 billion. Kingfisher plc has a 52 week low of GBX 300.10 and a 52 week high of GBX 387.00.
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be given a GBX 3.25 ($0.04) dividend. This represents a yield of 0.88%. The ex-dividend date of this dividend is Thursday, October 6th.
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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