Kingfisher plc (KGF) Rating Reiterated by Credit Suisse Group AG
Kingfisher plc (LON:KGF)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group AG in a research note issued to investors on Friday. They presently have a GBX 430 ($5.61) price objective on the home improvement retailer’s stock. Credit Suisse Group AG’s price objective suggests a potential upside of 13.58% from the company’s previous close.
KGF has been the topic of a number of other research reports. Haitong Bank restated a “sell” rating and set a GBX 275 ($3.59) price target 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 report 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 report on Tuesday, September 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 280 ($3.65) price target on shares of Kingfisher plc in a report on Wednesday, September 21st. Finally, Barclays PLC restated 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 equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Kingfisher plc presently has an average rating of “Hold” and a consensus price target of GBX 342.26 ($4.47).
Shares of Kingfisher plc (LON:KGF) opened at 382.90 on Friday. Kingfisher plc has a 1-year low of GBX 300.10 and a 1-year high of GBX 387.00. The company’s 50-day moving average is GBX 370.59 and its 200 day moving average is GBX 357.81. The firm’s market cap is GBX 8.70 billion.
The business also recently announced a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be paid a GBX 3.25 ($0.04) dividend. 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 Kingfisher plc stock in a transaction that occurred on Tuesday, September 27th. The shares were 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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