Kingfisher plc’s (KGF) “Hold” Rating Reaffirmed at Beaufort Securities
Kingfisher plc (LON:KGF)‘s stock had its “hold” rating restated by research analysts at Beaufort Securities in a research note issued on Wednesday.
Several other analysts have also commented on KGF. HSBC lifted their price objective on Kingfisher plc from GBX 335 ($4.37) to GBX 365 ($4.76) and gave the stock a “hold” rating in a report on Wednesday. Jefferies Group raised Kingfisher plc to a “buy” rating and lifted their price objective for the stock from GBX 350 ($4.57) to GBX 420 ($5.48) in a report on Wednesday, June 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher plc in a report on Wednesday. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 430 ($5.61) price objective on shares of Kingfisher plc in a report on Tuesday. Finally, 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 31st. Ten equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Kingfisher plc presently has a consensus rating of “Hold” and an average price target of GBX 340.11 ($4.44).
Kingfisher plc (LON:KGF) opened at 375.00 on Wednesday. The stock’s 50 day moving average price is GBX 363.56 and its 200 day moving average price is GBX 355.95. The company’s market capitalization is GBX 8.59 billion. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 387.00.
The company also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be given a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.88%.
In other news, insider Parekh,Rakhi bought 6,124 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were bought at an average cost of GBX 335 ($4.37) per share, for a total transaction 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.
Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with MarketBeat.com's FREE daily email newsletter.