Kingfisher plc (KGF) Price Target Cut to GBX 360 by Analysts at Deutsche Bank AG
Kingfisher plc (LON:KGF) had its price target lowered by Deutsche Bank AG from GBX 370 ($4.83) to GBX 360 ($4.70) in a research note published on Wednesday. The brokerage currently has a hold rating on the home improvement retailer’s stock.
Other equities analysts have also issued research reports about the company. Haitong Bank reiterated a sell rating and issued a GBX 275 ($3.59) target price on shares of Kingfisher plc in a research note on Friday, August 19th. BNP Paribas reiterated an outperform rating and issued a GBX 400 ($5.22) target price on shares of Kingfisher plc in a research note on Friday, August 26th. Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 390 ($5.09) target price 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 dropped their price target on Kingfisher plc from GBX 300 ($3.92) to GBX 285 ($3.72) and set an underweight rating on the stock in a research note on Friday, July 22nd. Ten analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Kingfisher plc currently has a consensus rating of Hold and an average target price of GBX 342.26 ($4.47).
Shares of Kingfisher plc (LON:KGF) opened at 384.90 on Wednesday. The stock’s market capitalization is GBX 8.81 billion. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 387.00. The company’s 50-day moving average is GBX 364.73 and its 200 day moving average is GBX 356.22.
The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 6th will be issued a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.88%.
In other news, insider Parekh,Rakhi purchased 6,124 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average price of GBX 335 ($4.37) per share, for a total transaction of £20,515.40 ($26,779.01).
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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