Kingfisher plc (KGF) Stock Rating Reaffirmed by JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Kingfisher plc (LON:KGF) in a report released on Tuesday, StockTargetPrices.com reports. The firm currently has a GBX 280 ($3.65) price target on the home improvement retailer’s stock.
KGF has been the subject of several other reports. Haitong Bank reiterated a sell rating and issued a GBX 275 ($3.59) price objective on shares of Kingfisher plc in a report on Friday, August 19th. BNP Paribas restated an outperform rating and set a GBX 400 ($5.22) price target on shares of Kingfisher plc in a research note on Friday, August 26th. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 390 ($5.09) price target on shares of Kingfisher plc in a research note on Tuesday, September 6th. Credit Suisse Group AG restated an outperform rating and set a GBX 425 ($5.55) price target on shares of Kingfisher plc in a research note on Wednesday, August 24th. Finally, Barclays PLC restated an underweight rating and set a GBX 285 ($3.72) price target on shares of Kingfisher plc in a research note on Thursday, August 25th. 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 company. Kingfisher plc has an average rating of Hold and an average price target of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) opened at 376.90 on Tuesday. The company’s market capitalization is GBX 8.56 billion. Kingfisher plc has a 52-week low of GBX 300.10 and a 52-week high of GBX 387.00. The company has a 50 day moving average of GBX 369.90 and a 200 day moving average of GBX 357.56.
The business also recently announced a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 3.25 ($0.04) per share. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, October 6th.
In other news, insider Karen Witts sold 12,652 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of GBX 366 ($4.78), for a total transaction of £46,306.32 ($60,444.22).
About Kingfisher plc
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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