Kingfisher plc’s (KGF) “Underweight” Rating Reiterated at J P Morgan Chase & Co
J P Morgan Chase & Co restated their underweight rating on shares of Kingfisher plc (LON:KGF) in a report published on Monday, Marketbeat.com reports. J P Morgan Chase & Co currently has a GBX 288 ($3.79) price target on the home improvement retailer’s stock.
KGF has been the subject of several other research reports. Morgan Stanley upgraded shares of Kingfisher plc to an overweight rating and raised their price target for the stock from GBX 290 ($3.81) to GBX 380 ($5.00) in a research note on Wednesday, July 12th. HSBC Holdings plc restated a buy rating and set a GBX 440 ($5.79) price target on shares of Kingfisher plc in a research note on Friday, July 21st. Credit Suisse Group restated an outperform rating and set a GBX 410 ($5.39) price target on shares of Kingfisher plc in a research note on Friday, September 1st. Barclays PLC restated an underweight rating on shares of Kingfisher plc in a research note on Monday. Finally, Jefferies Group LLC restated a hold rating and set a GBX 310 ($4.08) price target on shares of Kingfisher plc in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 325.07 ($4.28).
Shares of Kingfisher plc (LON KGF) opened at GBX 308.90 ($4.06) on Monday. Kingfisher plc has a one year low of GBX 269.60 ($3.55) and a one year high of GBX 371.20 ($4.88).
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The business also recently disclosed a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be issued a dividend of GBX 3.33 ($0.04) per share. This represents a dividend yield of 1.12%. The ex-dividend date is Thursday, October 5th.
In other Kingfisher plc news, insider Veronique Laury sold 2,294 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were 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 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). Insiders have bought a total of 99,952 shares of company stock valued at $30,085,421 over the last ninety days.
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.
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