Kingfisher plc’s (KGF) Reduce Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reiterated their reduce rating on shares of Kingfisher plc (LON:KGF) in a research note issued to investors on Wednesday. They currently have a GBX 325 ($4.24) price objective on the home improvement retailer’s stock.
Several other research firms have also recently issued reports on KGF. Credit Suisse Group AG restated an outperform rating and set a GBX 430 ($5.61) target price on shares of Kingfisher plc in a research note on Tuesday. Haitong Bank restated a sell rating and set a GBX 260 ($3.39) target price (down previously from GBX 270 ($3.52)) on shares of Kingfisher plc in a research note on Tuesday. BNP Paribas cut shares of Kingfisher plc to a neutral rating and set a GBX 410 ($5.35) price objective on the stock. in a research note on Friday, September 9th. Barclays PLC reiterated an underweight rating and issued a GBX 285 ($3.72) price objective on shares of Kingfisher plc in a research note on Thursday, August 25th. Finally, Goldman Sachs Group Inc. reiterated a buy rating and issued a GBX 435 ($5.68) price objective on shares of Kingfisher plc in a research note on Wednesday, May 25th. Ten analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Kingfisher plc has an average rating of Hold and a consensus target price of GBX 342.26 ($4.47).
Shares of Kingfisher plc (LON:KGF) opened at 384.90 on Wednesday. The company’s market capitalization is GBX 8.81 billion. The firm’s 50-day moving average is GBX 364.73 and its 200 day moving average is GBX 356.22. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 387.00.
The business also recently declared 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. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.88%.
In related news, insider Parekh,Rakhi purchased 6,124 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average cost 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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