JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Kingfisher (LON:KGF) in a research note published on Thursday morning, Digital Look reports. JPMorgan Chase & Co. currently has a GBX 200 ($2.61) target price on the home improvement retailer’s stock.

Other analysts have also issued reports about the company. UBS Group reiterated a sell rating on shares of Kingfisher in a research report on Thursday, May 9th. Royal Bank of Canada lifted their price objective on Kingfisher from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the stock an underperform rating in a research report on Wednesday, April 17th. Credit Suisse Group lowered their price objective on Kingfisher from GBX 280 ($3.66) to GBX 255 ($3.33) and set an outperform rating for the company in a research report on Thursday, March 21st. Goldman Sachs Group lowered Kingfisher to a neutral rating and lowered their price objective for the stock from GBX 270 ($3.53) to GBX 260 ($3.40) in a research report on Tuesday, February 5th. Finally, Societe Generale lowered Kingfisher to a sell rating in a research report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 241.25 ($3.15).

Shares of KGF stock opened at GBX 227.50 ($2.97) on Thursday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.28 and a quick ratio of 0.22. The stock has a market capitalization of $4.78 billion and a P/E ratio of 22.30. Kingfisher has a 12 month low of GBX 202.70 ($2.65) and a 12 month high of GBX 319.70 ($4.18).

The company also recently disclosed a dividend, which will be paid on Monday, July 15th. Investors of record on Thursday, June 6th will be given a GBX 7.49 ($0.10) dividend. This represents a yield of 3.26%. This is a positive change from Kingfisher’s previous dividend of $3.33. The ex-dividend date is Thursday, June 6th. Kingfisher’s dividend payout ratio (DPR) is presently 1.08%.

In related news, insider Sophie Gasperment bought 10,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was bought at an average cost of GBX 227 ($2.97) per share, for a total transaction of £22,700 ($29,661.57).

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

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Analyst Recommendations for Kingfisher (LON:KGF)

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