Kingfisher plc (KGF) Given “Outperform” Rating at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their outperform rating on shares of Kingfisher plc (LON:KGF) in a research note published on Tuesday morning. They currently have a GBX 430 ($5.61) price target on the home improvement retailer’s stock.
Other equities analysts have also recently issued reports about the company. BNP Paribas reissued a neutral rating on shares of Kingfisher plc in a report on Monday, September 12th. Royal Bank Of Canada dropped their target price on Kingfisher plc from GBX 350 ($4.57) to GBX 325 ($4.24) and set a underperform rating for the company in a report on Monday, July 11th. Goldman Sachs Group Inc. restated a buy rating and set a GBX 435 ($5.68) price target on shares of Kingfisher plc in a research report on Wednesday, May 25th. Jefferies Group upgraded Kingfisher plc to a buy rating and increased their price target for the stock from GBX 350 ($4.57) to GBX 420 ($5.48) in a research report on Wednesday, June 1st. Finally, HSBC restated a hold rating and set a GBX 355 ($4.63) price target on shares of Kingfisher plc in a research report on Tuesday, May 24th. Ten research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 341.68 ($4.46).
Shares of Kingfisher plc (LON:KGF) opened at 377.90 on Tuesday. The company’s market cap is GBX 8.65 billion. Kingfisher plc has a 1-year low of GBX 300.10 and a 1-year high of GBX 387.00. The stock has a 50 day moving average price of GBX 363.56 and a 200-day moving average price of GBX 355.95.
The business 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. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, October 6th.
In other Kingfisher plc news, insider Parekh,Rakhi purchased 6,124 shares of Kingfisher plc stock in a transaction that occurred on Monday, June 27th. The stock was acquired at an average price 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.
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