Kingfisher plc (KGF) Given Neutral Rating at Goldman Sachs Group, Inc. (The)
Kingfisher plc (LON:KGF)‘s stock had its “neutral” rating reiterated by equities research analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Tuesday. They presently have a GBX 350 ($4.46) price target on the home improvement retailer’s stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 13.64% from the stock’s previous close.
KGF has been the topic of several other reports. Credit Suisse Group reissued an “outperform” rating and issued a GBX 430 ($5.48) price target on shares of Kingfisher plc in a research note on Monday, March 27th. Numis Securities Ltd raised shares of Kingfisher plc to a “hold” rating and set a GBX 325 ($4.14) target price on the stock in a research note on Thursday, March 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 325 ($4.14) target price on shares of Kingfisher plc in a research note on Tuesday, March 14th. Deutsche Bank AG reduced their target price on shares of Kingfisher plc from GBX 370 ($4.71) to GBX 360 ($4.59) and set a “hold” rating on the stock in a research note on Friday, March 24th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 440 ($5.61) target price on shares of Kingfisher plc in a research note on Wednesday, June 7th. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Kingfisher plc currently has an average rating of “Hold” and a consensus price target of GBX 326.29 ($4.16).
Shares of Kingfisher plc (LON KGF) traded down 0.58% on Tuesday, reaching GBX 306.20. 2,386,504 shares of the company traded hands. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60. The stock’s market capitalization is GBX 6.84 billion. The company has a 50-day moving average of GBX 333.22 and a 200-day moving average of GBX 335.43.
The business also recently declared a dividend, which was paid on Monday, June 19th. Stockholders of record on Thursday, May 4th were paid a GBX 7.15 ($0.09) dividend. This represents a dividend yield of 2.18%. This is an increase from Kingfisher plc’s previous dividend of $3.25. The ex-dividend date of this dividend was Thursday, May 4th.
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Kingfisher plc Company Profile
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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