Kingfisher plc (KGF) Trading Down 0%
Kingfisher plc (LON:KGF) was down 0% during mid-day trading on Monday . The company traded as low as GBX 308.30 ($4.05) and last traded at GBX 304.40 ($4.00). Approximately 10,226,458 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 9,440,000 shares. The stock had previously closed at GBX 304.40 ($4.00).
A number of equities research analysts recently issued reports on KGF shares. Jefferies Group LLC reissued a “hold” rating and issued a GBX 310 ($4.08) price target on shares of Kingfisher plc in a research note on Thursday, November 2nd. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 288 ($3.79) price objective on shares of Kingfisher plc in a report on Friday, October 6th. Barclays PLC restated an “underweight” rating on shares of Kingfisher plc in a report on Monday, November 6th. Credit Suisse Group restated an “outperform” rating and issued a GBX 410 ($5.39) price objective on shares of Kingfisher plc in a report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded Kingfisher plc to a “buy” rating and raised their price objective for the company from GBX 330 ($4.34) to GBX 375 ($4.93) in a report on Monday, October 30th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Kingfisher plc currently has a consensus rating of “Hold” and a consensus price target of GBX 324.71 ($4.27).
The business also recently disclosed a dividend, which was paid on Friday, November 10th. Stockholders of record on Thursday, October 5th were given a dividend of GBX 3.33 ($0.04) per share. This represents a dividend yield of 1.12%. The ex-dividend date was Thursday, October 5th.
In related news, insider Veronique Laury sold 2,294 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($3.99), for a total value of £6,950.82 ($9,142.21). Also, insider Andrew Cosslett purchased 99,802 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was acquired at an average cost of GBX 301 ($3.96) per share, with a total value of £300,404.02 ($395,112.48). Over the last three months, insiders have bought 99,903 shares of company stock valued at $30,070,427.
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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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