Kingfisher plc (KGF) Given New GBX 360 Price Target at Deutsche Bank AG

Kingfisher plc (LON:KGF) had its price objective lowered by Deutsche Bank AG from GBX 370 ($4.57) to GBX 360 ($4.45) in a research note published on Friday morning. The brokerage currently has a hold rating on the home improvement retailer’s stock.

KGF has been the subject of several other research reports. Jefferies Group LLC reduced their target price on shares of Kingfisher plc from GBX 335 ($4.14) to GBX 325 ($4.01) and set a hold rating for the company in a research note on Tuesday, February 7th. Haitong Bank reiterated a sell rating and issued a GBX 270 ($3.33) target price on shares of Kingfisher plc in a research note on Tuesday, January 3rd. JPMorgan Chase & Co. increased their target price on shares of Kingfisher plc from GBX 280 ($3.46) to GBX 288 ($3.56) and gave the company an underweight rating in a research note on Tuesday, March 14th. HSBC Holdings plc reiterated a hold rating and issued a GBX 380 ($4.69) target price on shares of Kingfisher plc in a research note on Tuesday, January 3rd. Finally, Royal Bank of Canada reiterated an underperform rating and issued a GBX 330 ($4.08) target price on shares of Kingfisher plc in a research note on Wednesday, March 22nd. Nine equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Kingfisher plc currently has a consensus rating of Hold and an average target price of GBX 334 ($4.12).

Shares of Kingfisher plc (LON:KGF) traded up 0.74% during trading on Friday, reaching GBX 326.20. The company had a trading volume of 7,344,937 shares. The company’s market cap is GBX 7.31 billion. Kingfisher plc has a 12-month low of GBX 269.60 and a 12-month high of GBX 390.60. The firm has a 50-day moving average of GBX 332.29 and a 200-day moving average of GBX 350.82.

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The company also recently disclosed a dividend, which will be paid on Monday, June 19th. Stockholders of record on Thursday, May 4th will be issued a dividend of GBX 7.15 ($0.09) per share. This is a positive change from Kingfisher plc’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, May 4th. This represents a dividend yield of 2.18%.

Kingfisher plc Company Profile

Kingfisher plc is a home improvement company. The Company 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.

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