Kingfisher plc’s (KGF) “Hold” Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC reissued their hold rating on shares of Kingfisher plc (LON:KGF) in a research note released on Thursday morning. The firm currently has a GBX 310 ($4.09) price objective on the home improvement retailer’s stock.
Several other research firms have also commented on KGF. J P Morgan Chase & Co reiterated an underweight rating and issued a GBX 288 ($3.80) price target on shares of Kingfisher plc in a research report on Thursday, September 21st. Goldman Sachs Group, Inc. (The) increased their price target on shares of Kingfisher plc from GBX 325 ($4.29) to GBX 330 ($4.35) and gave the company a neutral rating in a research report on Thursday, September 21st. Barclays PLC reiterated an underweight rating on shares of Kingfisher plc in a research report on Thursday, September 21st. Numis Securities Ltd reiterated a hold rating and issued a GBX 325 ($4.29) price target on shares of Kingfisher plc in a research report on Thursday, September 21st. Finally, Beaufort Securities reiterated a hold rating on shares of Kingfisher plc in a research report on Thursday, September 21st. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Kingfisher plc currently has an average rating of Hold and an average target price of GBX 325.07 ($4.29).
Kingfisher plc (LON KGF) traded up GBX 4.28 ($0.06) during mid-day trading on Thursday, hitting GBX 313.88 ($4.14). 15,010,000 shares of the stock traded hands, compared to its average volume of 8,000,000. Kingfisher plc has a twelve month low of GBX 269.60 ($3.56) and a twelve month high of GBX 371.20 ($4.90).
TRADEMARK VIOLATION NOTICE: “Kingfisher plc’s (KGF) “Hold” Rating Reaffirmed at Jefferies Group LLC” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/kingfisher-plcs-kgf-hold-rating-reaffirmed-at-jefferies-group-llc/1679158.html.
The business also recently declared a dividend, which will be paid on Friday, November 10th. Shareholders of record on Thursday, October 5th will be issued a GBX 3.33 ($0.04) dividend. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.12%.
In other news, insider Veronique Laury sold 2,294 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of GBX 303 ($4.00), for a total value of £6,950.82 ($9,172.37). Also, insider Andrew Cosslett bought 99,802 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was acquired at an average cost of GBX 301 ($3.97) per share, for a total transaction of £300,404.02 ($396,415.97). In the last quarter, insiders acquired 99,952 shares of company stock worth $30,085,421.
Kingfisher plc Company Profile
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.
Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with Analyst Ratings Network's FREE daily email newsletter.