Kingfisher plc (KGF) Given Hold Rating at Societe Generale
Kingfisher plc (LON:KGF)‘s stock had its “hold” rating reissued by equities researchers at Societe Generale in a report issued on Wednesday. They presently have a GBX 362 ($4.73) price objective on the home improvement retailer’s stock. Societe Generale’s price target suggests a potential downside of 1.84% from the stock’s current price.
KGF has been the topic of a number of other research reports. HSBC reaffirmed a “hold” rating and issued a GBX 355 ($4.63) price objective on shares of Kingfisher plc in a report on Tuesday, May 24th. Haitong Bank reaffirmed a “sell” rating and issued a GBX 290 ($3.79) price objective on shares of Kingfisher plc in a report on Tuesday, May 24th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 425 ($5.55) price objective on shares of Kingfisher plc in a report on Tuesday, May 24th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 435 ($5.68) price objective on shares of Kingfisher plc in a report on Wednesday, May 25th. Finally, Jefferies Group raised Kingfisher plc to a “buy” rating and lifted their price objective for the company from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. Ten equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) traded up 2.98% during midday trading on Wednesday, hitting GBX 379.80. The stock had a trading volume of 5,625,298 shares. 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 363.56 and a 200 day moving average price of GBX 355.95. The firm’s market cap is GBX 8.70 billion.
The firm also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.88%.
In other Kingfisher plc news, insider Parekh,Rakhi purchased 6,124 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of GBX 335 ($4.37) per share, with a total value of £20,515.40 ($26,779.01).
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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