Kingfisher plc (KGF) Given Underweight Rating at J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their underweight rating on shares of Kingfisher plc (LON:KGF) in a research note published on Friday morning. The firm currently has a GBX 288 ($3.79) target price on the home improvement retailer’s stock.
A number of other research analysts have also weighed in on the stock. HSBC Holdings plc cut their price target on shares of Kingfisher plc from GBX 440 ($5.78) to GBX 380 ($5.00) and set a buy rating on the stock in a research note on Wednesday, September 27th. Jefferies Group LLC reaffirmed a hold rating and issued a GBX 310 ($4.08) price target on shares of Kingfisher plc in a research note on Tuesday, September 26th. Numis Securities Ltd reaffirmed a hold rating and issued a GBX 325 ($4.27) price target on shares of Kingfisher plc in a research note on Thursday, September 21st. Beaufort Securities reaffirmed a hold rating on shares of Kingfisher plc in a research note on Thursday, September 21st. Finally, Goldman Sachs Group, Inc. (The) lifted their price target on shares of Kingfisher plc from GBX 325 ($4.27) to GBX 330 ($4.34) and gave the company a neutral rating in a research note on Thursday, September 21st. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Kingfisher plc presently has an average rating of Hold and an average target price of GBX 321.86 ($4.23).
Kingfisher plc (LON:KGF) opened at 305.00 on Friday. The firm’s market cap is GBX 6.76 billion. The firm has a 50-day moving average of GBX 296.96 and a 200 day moving average of GBX 313.22. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 372.14.
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The company also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 5th will be issued a dividend of GBX 3.33 ($0.04) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.12%.
In other news, insider Andrew Cosslett bought 99,802 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were acquired at an average cost of GBX 301 ($3.96) per share, for a total transaction of £300,404.02 ($394,956.64). Over the last 90 days, insiders have purchased 99,953 shares of company stock worth $30,085,376.
About Kingfisher plc
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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