Kingfisher plc (KGF) Declares Dividend of GBX 3.25
Kingfisher plc (LON:KGF) announced a dividend on Tuesday, September 20th. Stockholders of record on Thursday, October 6th will be paid a dividend of GBX 3.25 ($0.04) per share by the home improvement retailer on Friday, November 11th. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, October 6th. The official announcement can be accessed at this link.
Kingfisher plc (LON:KGF) opened at 368.80 on Wednesday. Kingfisher plc has a one year low of GBX 300.10 and a one year high of GBX 387.00. The stock’s 50 day moving average is GBX 363.56 and its 200-day moving average is GBX 355.95. The firm’s market capitalization is GBX 8.44 billion.
In other news, insider Parekh,Rakhi purchased 6,124 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average cost of GBX 335 ($4.37) per share, for a total transaction of £20,515.40 ($26,779.01).
KGF has been the subject of a number of recent analyst reports. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 425 ($5.55) price target on shares of Kingfisher plc in a report on Wednesday, August 24th. Liberum Capital reaffirmed a “sell” rating and set a GBX 275 ($3.59) price target on shares of Kingfisher plc in a report on Thursday, August 18th. HSBC reaffirmed a “hold” rating and set a GBX 355 ($4.63) price target on shares of Kingfisher plc in a report on Tuesday, May 24th. Jefferies Group raised shares of Kingfisher plc to a “buy” rating and upped their price target for the stock from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 285 ($3.72) price target on shares of Kingfisher plc in a report on Thursday, August 25th. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Kingfisher plc currently has a consensus rating of “Hold” and an average price target of GBX 337.21 ($4.40).
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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